B ($B) 24-Hour Volatility at 45.7%: Short Liquidations Exceed $60.81 Million, Triggering Speculative Rebound
Bitget Pulse2026/05/02 16:03Volatility Overview
In the past 24 hours, $B price rebounded from a low of $0.27458 to a high of $0.400, now quoted at $0.394, with an amplitude of 45.7%. Trading volume surged over $30 million, with short liquidations reaching $60.81 million, far exceeding long liquidations.
Brief Analysis of Cause for Movement
- Short Squeeze Dominates: Short liquidations totaled $60.81 million, driving the price to soar vertically from around $0.27, with trading volume spiking over $30 million.
- Retail-Driven Speculation: No significant news or official announcement, with on-chain data showing limited whale inflows. The movement was mainly propelled by retail traders, volatility reaching 110%.
Market Outlook and Expectations
Community sentiment is bullish, viewing this as a strong rebound signal, targeting $0.40-$0.42. However, the mainstream opinion warns the RSI is above 85 and overheated, with possible corrections to test support in the $0.275-$0.319 range. Caution is advised against bull traps and profit taking.
Note: This analysis is automatically generated by AI based on public data and on-chain monitoring, for informational reference only.Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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