According to Wu Blockchain, CryptoQuant analyst BorisD stated that the main driver behind Bitcoin's rise this week is not spot buying but rather a short squeeze caused by concentrated liquidations in the Binance futures market. Data shows that the Binance Short Squeeze indicator surged to 6.94 this week, the highest level since November 2024. He believes this rally is largely driven by mechanical buying pressure from forced liquidations of futures shorts. However, if the short squeeze momentum fades and spot demand fails to sustain the rally, Bitcoin still faces the risk of a pullback. https://www.(wublock123.com)/news/news-66955