{"id":72022,"date":"2026-05-04T06:28:52","date_gmt":"2026-05-04T06:28:52","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/massive-short-squeeze-and-institutional-buying-drive-96k-target\/"},"modified":"2026-05-04T06:28:52","modified_gmt":"2026-05-04T06:28:52","slug":"massive-short-squeeze-and-institutional-buying-drive-96k-target","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/massive-short-squeeze-and-institutional-buying-drive-96k-target\/","title":{"rendered":"Massive Short Squeeze and Institutional Buying Drive $96K Target"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<p><strong>Key Takeaways:<\/strong><\/p>\n<ul>\n<li><span style=\"font-weight:400\"> <span>Bitcoin<\/span> hit $80,039, breaking above key resistance for the first time in weeks. <\/span><\/li>\n<li><span style=\"font-weight:400\">Capriole data shows institutions absorbing 500%+ of daily mined <span>BTC<\/span>, pointing to a $96K target. <\/span><\/li>\n<li><span style=\"font-weight:400\">With 62.8% of Binance <span>BTC<\/span> futures still short, a sustained hold could squeeze prices toward $85K.<\/span><\/li>\n<\/ul>\n<h2><span style=\"font-weight:400\">A Heavily Shorted Market Finally Breaks<\/span><\/h2>\n<p><span style=\"font-weight:400\">The breakout ended weeks of consolidation between $75,000 and $79,500, a range where short sellers had been aggressively building positions in anticipation of a downside resolution.<\/span><\/p>\n<figure id=\"attachment_811561\" aria-describedby=\"caption-attachment-811561\" style=\"width:1207px\" class=\"wp-caption aligncenter\"><figcaption id=\"caption-attachment-811561\" class=\"wp-caption-text\"> <span>BTC<\/span>\u2019s price action over the past 7-days<\/figcaption><\/figure>\n<p><span style=\"font-weight:400\">Analyst Gareth Soloway had <\/span><a href=\"https:\/\/news.bitcoin.com\/gareth-soloway-warns-bitcoin-could-drop-to-50k-as-bear-flag-tightens-at-85000\/\"><span style=\"font-weight:400\">warned on May 3<\/span><\/a><span style=\"font-weight:400\"> that a bear flag pattern could send <span>bitcoin<\/span> to $50,000 if it failed to break above $85,000. That thesis attracted heavy short interest heading into today\u2019s session. Binance futures data showed the long\/short ratio at 37.2% long versus 62.8% short, among the most lopsided positioning on any major <span>crypto<\/span> derivatives platform.<\/span><\/p>\n<h2><span style=\"font-weight:400\"> What Is Driving the Demand<\/span><\/h2>\n<p><span style=\"font-weight:400\">The breakout did not happen in isolation as U.S. spot <span>bitcoin<\/span> exchange-traded funds (ETFs) recorded <\/span><a href=\"https:\/\/news.bitcoin.com\/bitcoin-etfs-draw-824m-as-blackrocks-ibit-dominates-weekly-crypto-fund-inflows\/\"><span style=\"font-weight:400\">$2.44 billion in net inflows<\/span><\/a><span style=\"font-weight:400\"> during April, the strongest monthly figure since October 2025. Blackrock\u2019s iShares <span>Bitcoin<\/span> Trust (IBIT) led throughout, even as a <\/span><a href=\"https:\/\/news.bitcoin.com\/blackrock-pulls-112m-from-ibit-as-bitcoin-etf-outflows-extend-cooling-phase\/\"><span style=\"font-weight:400\">brief outflow phase<\/span><\/a><span style=\"font-weight:400\"> toward the end of the month showed the market is not without friction.<\/span><\/p>\n<p><span style=\"font-weight:400\">Research firm Capriole Investments flagged an additional demand signal that institutions are currently absorbing more than 500% of the daily mined <a href=\"https:\/\/www.binance.com\/en\/price\/bitcoin\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">bitcoin<\/a> supply. In every prior instance where this metric reached similar levels, <a href=\"https:\/\/www.binance.com\/en\/price\/bitcoin\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">bitcoin<\/a> returned an average of 24% over the following month. At today\u2019s price, that implies a move toward $96,000.<\/span><\/p>\n<figure id=\"attachment_811562\" aria-describedby=\"caption-attachment-811562\" style=\"width:742px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-811562\" src=\"https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/05\/bitcoin-hits-80000-massive-short-squeeze-and-institutional-buying-drive-96k-target2_nwmk.jpg\" alt=\"\" width=\"742\" height=\"658\" srcset=\"https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/05\/bitcoin-hits-80000-massive-short-squeeze-and-institutional-buying-drive-96k-target2_nwmk-300x266.jpg 300w, https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/05\/bitcoin-hits-80000-massive-short-squeeze-and-institutional-buying-drive-96k-target2_nwmk.jpg 742w\" sizes=\"auto, (max-width: 742px) 100vw, 742px\"\/><figcaption id=\"caption-attachment-811562\" class=\"wp-caption-text\">Image source: X<\/figcaption><\/figure>\n<p><span style=\"font-weight:400\">The squeeze was immediate, with over <\/span><a href=\"https:\/\/twitter.com\/WatcherGuru\/status\/2051132880726729210\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight:400\">$150 million in shorts<\/span><\/a><span style=\"font-weight:400\"> being liquidated in a single hour as <a href=\"https:\/\/www.binance.com\/en\/price\/bitcoin\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">bitcoin<\/a> broke $80,000. <\/span><\/p>\n<p> <!-- --> <\/p>\n<h2><span style=\"font-weight:400\">What to Watch Next<\/span><\/h2>\n<p><span style=\"font-weight:400\">Strategy, formerly Microstrategy, is set to report its Q1 2026 earnings on May 5. The firm <\/span><a href=\"https:\/\/news.bitcoin.com\/strategy-skips-weekly-bitcoin-buy-after-108-total-purchases-818334-btc-holdings\/\"><span style=\"font-weight:400\">paused bitcoin purchases<\/span><\/a><span style=\"font-weight:400\"> at 818,334 <a href=\"https:\/\/www.binance.com\/en\/price\/bitcoin\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">BTC<\/a> ahead of results, which analysts expect to show a significant unrealized loss tied to Q1\u2019s price drawdown. Any change to Strategy\u2019s accumulation posture could move sentiment quickly.<\/span><\/p>\n<p><span style=\"font-weight:400\">The $80,000 level now becomes the first line of support, and a sustained hold gives bulls a credible path toward $85,000, where a further cluster of short positions still awaits.<\/span><\/p>\n<\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/news.bitcoin.com\/bitcoin-breaks-80000-institutional-demand-short-squeeze\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways: Bitcoin hit $80,039, breaking above key resistance for the first time in weeks. Capriole data shows institutions absorbing 500%+ of daily mined BTC, pointing to a $96K target. With 62.8% of Binance BTC futures still short, a sustained hold could squeeze prices toward $85K. A Heavily [&hellip;]<\/p>\n","protected":false},"author":3947362404,"featured_media":72023,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/72022"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/3947362404"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=72022"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/72022\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/72023"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=72022"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=72022"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=72022"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}