A short squeeze is a rapid move higher driven by bears abandoning their bearish bets. For a short squeeze to occur, the market needs to have a higher-than-usual bearish activity, as is the case in BNB perpetual futures. In such situations, a minor price bump can send bears or short sellers running to square off their positions, which, in turn, drives prices further up.
Crypto Traders Take Heavy Bearish Bets on BNB
