PUFFER sees 53% volatility in 24 hours: Binance perpetual contract delisting triggers short squeeze
Bitget Pulse2026/04/08 02:21Volatility Overview
In the past 24 hours, the price of PUFFER rebounded from a low of $0.02525 to a high of $0.03864, currently quoted at $0.03548, with a fluctuation amplitude of 53.0%. The 24-hour trading volume is approximately $12.67 million, significantly higher than the previous day, indicating a surge in liquidity.
Brief Analysis of the Cause of Abnormal Movements
- Binance Perpetual Contract Delisting Announcement: Binance will remove the PUFFER perpetual futures contract on April 8, directly triggering short position covering, thus causing a short squeeze and the price surging from a low of $0.02044 to a high of $0.04808.
- Low Liquidity and Whale Entry: Low liquidity pools amplified volatility, and together with whales buying and trading volume surging (up 316% to $52.1 million), further fueled the upward movement.
Market Views and Outlook
The mainstream sentiment in the community is cautiously optimistic, acknowledging the short squeeze momentum but warning of profit-taking risks. Reducing positions is recommended near the resistance levels of $0.047 and $0.0555; if the $0.02593 support is broken, it would signal a bearish turn, with the next downside target at $0.02359. Analysts suggest that liquidity may tighten further after delisting, and the probability of a pullback is high following the short-term rebound.
Note: This analysis is automatically generated by AI based on public data and on-chain monitoring and is for informational reference only.Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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