Binance traders exhibited a significant bearish shift with net taker volume plunging by $155 million in 8 hours, marking the largest swing of 2025.
The reversal was attributed to escalating tensions between Donald Trump and Elon Musk, perceived as a risk-off trigger leading to a surge in short positions in the derivatives market.
The rapid change in sentiment and liquidity indicated a quick repositioning by traders amid heightened uncertainty, resulting in increased selling pressure.
While the current trend is bearish, there is a possibility of a short squeeze if Bitcoin rebounds, potentially prompting a momentum reversal.