ChainCatcher reported that CryptoQuant analyst BorisD said Bitcoin’s latest climb was not mainly driven by spot buying. Instead, he pointed to forced buying from concentrated short liquidations in Binance’s futures market. He said Binance’s short squeeze reading reached 6.94 this week, above 5.38 in November 2024 and the highest since then. BorisD also warned that if spot demand does not continue to absorb the move, a futures-led rebound could still face a pullback once momentum fades.

Bitcoin nears $95,000 with 7.5% weekly gain, but the Sharpe ratio continues to fall, signaling weakening risk-adjusted returns. Volume outpaces open interest growth, and cycle indicators point to a cooling phase.

Ether's price retreated 5.6% after rejection at $2,400. Declining network activity, negative Coinbase premium, ETF outflows, and a rising wedge breakdown suggest ETH could fall below $2,000 and target $1,830.

Ethereum price retreats below $2,300 as key metrics signal further decline. TVL hits 12-month low, exit queue surges 72,000%, Coinbase premium turns negative, and technical wedge targets $1,830.

ETH price drops to $2,275, with multiple on-chain indicators suggesting further downside: network activity hits 12-month lows, Coinbase premium stays negative, staking exit queue surges 72,000%, and technical pattern targets $1,830.