Futures Activity Could Fuel a Breakout

[madtrader]

Much of this week’s intraday movement has been driven by perpetual futures traders. A sharp $1.1 billion surge in futures buy volume accompanied Bitcoin’s push to $94,800 on Jan. 5, triggering roughly $100 million in short liquidations on Binance alone.

If volume continues to build and traders force BTC back toward $94,000–$95,000, another wave of short covering could follow. With a visible gap in the volume profile above resistance, bulls could exploit the move, potentially opening the door to a 13% rally toward $101,500 if momentum holds.

[bonk]

everyone screaming manipulation but $1.1b in buy volume doesn’t just appear out of nowhere, someone big clearly positioning