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Binance Traders Flip Bearish as Net Taker Volume Plunges $155M in 8 Hours

  • 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.

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