$BNB Surge Wipes Out $63.7K Short at $637.31!
A massive $63,700 short position on Binance Coin (BNB) was liquidated as the price skyrocketed to $637.31, marking a decisive win for the bulls.
This major squeeze has added fuel to BNB's rally, leaving bears scrambling to cover their positions.
What’s Driving the Move?
Bullish Momentum:
$BNB has been riding a wave of optimism, likely tied to broader market strength and Binance ecosystem developments.
Short Squeeze Impact:
Large liquidations like this trigger further upward momentum as shorts are forced to buy back, amplifying price gains.
Market Sentiment:
BNB’s resilience above key levels signals strong buyer interest and sets the stage for potential new highs.
What’s Next?
With this momentum, eyes are now on $BNB ability to breach its next resistance level.
But caution is warranted—sharp moves often precede corrections.
Will the bulls keep the fire burning, or is a retracement around the corner?
Stay tuned for the next explosive move!
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