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According to BlockBeats, on April 18, CryptoQuant analyst @AxelAdlerJr stated that following the news involving the US and Iran last night, Bitcoin rebounded from $74,000 to $78,000, with this surge displaying all the classic characteristics of a short squeeze. At 21:00 alone, the market absorbed a peak of $357 million in short liquidations. @AxelAdlerJr believes this rebound was not amplified by fresh demand, but was driven by forced closing of short positions. "This is important because a short squeeze can push the price up very rapidly—but by itself, it does not confirm sustainable spot demand."

BlockBeats News, April 18th, according to CryptoQuant analyst @AxelAdlerJr, last night, stimulated by the US-Iran news, Bitcoin rebounded from $74,000 to $78,000, and this rally exhibited all the classic signs of a short squeeze. In just 21 hours, the market absorbed a peak short liquidation of $357 million. @AxelAdlerJr believes that this rebound was not fueled by fresh demand but was driven by forced short covering. "This is important because a short squeeze can lead to a very rapid price increase—but by itself, it does not confirm sustainable spot demand."

According to ChainCatcher, citing Coinglass data, Hyperliquid platform whales currently hold $3.715 billion in positions, with long positions amounting to $1.874 billion (50.44% of the total) and short positions at $1.841 billion (49.56% of the total). Long positions have a profit and loss of $46.4198 million, while short positions have a profit and loss of -$68.8451 million.