PANews April 30 news, according to CryptoQuant analyst Axel Adler Jr.'s analysis, the Bitcoin futures market is experiencing a short squeeze, but it is not accompanied by new leverage accumulation. Over the past two weeks, the 7-day moving average of the liquidation dominance indicator reversed from -22 (long liquidation dominance) on April 26 to +28.7 (short liquidation dominance) on April 30, reaching the highest level during the observation period. However, the 7-day moving average of open contracts dropped from over 300,000 BTC to about 292,000 BTC, decreasing by about 8,000 to 9,000 BTC within ten days. The analyst pointed out that the rise in short liquidation dominance coinciding with the decline in open contracts indicates that the current increase is primarily driven by short squeezes rather than the establishment of new bullish positions through futures.

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