Binance Data Reveals Bitcoin Bullish Signal: Short Squeeze On the Horizon?

Recent data from Binance, the leading cryptocurrency exchange by trading volume, paints a bullish picture for Bitcoin. A notable shift in buying and selling behavior has emerged, suggesting the potential for a short squeeze. Over 15,000 BTC were withdrawn from Binance between April 19th-23rd following a period of significant inflows. This change in flow direction coincides with a price surge, pushing Bitcoin past $93,000 after trading around the $85,000-$87,000 range previously.