According to Skew Δ (@52kskew), Bitcoin's market is experiencing a squeeze as spot taker bids are building around the $97,000 level, marking it as a critical zone for potential upward continuation. The influx of taker bids typically indicates passive sellers are exiting their positions, which could enhance volatility and liquidity. Additionally, sizeable short liquidations are occurring above $97,000 as Bitcoin's price grinds higher on Binance perpetual contracts. Traders should closely monitor the $97K level for breakout confirmations and further short squeezes, as continued buying pressure could drive momentum (Source: Skew Δ, Twitter, May 1, 2025).

According to @traderxyz on Twitter, Bitcoin (BTC) experienced notable trading firm activity this morning on Binance perpetual contracts. Ask liquidity positioned around $95,000 acted as resistance, capping upside movement and enabling short sellers to increase their exposure as the price trended downward. The manipulation became particularly clear near the $94,200 level, where shorts began closing positions into the price dip. Traders should watch these liquidity clusters and order book dynamics for potential reversals and volatility in the short term (source: @traderxyz on Twitter).