PUFFER fluctuated by 53.0% in 24 hours: Exchange contract delisting triggers short squeeze and liquidity panic
Bitget Pulse2026/04/08 08:21Volatility Overview
In the past 24 hours, PUFFER's price rebounded from a low of $0.02525 to a high of $0.03864 and is currently quoted at $0.0291, with a price swing of 53.0%. The 24-hour trading volume has significantly increased to about $21.97 million (CoinMarketCap data), surging compared to usual, with a net outflow of funds of approximately $51,400 (CEX net outflow dominant).
Brief Analysis of the Cause of the Movement
- Mainstream exchange contract delisting: Binance Futures delisted the PUFFER perpetual contract on April 8, leading to a liquidity crunch and a short squeeze, with the price soaring from a low of $0.02044 to a high of $0.04808, a 24-hour swing of over 135%.
- Low liquidity amplification effect: Contract trading volume surged more than 4 times, buy orders poured in triggering FOMO, but no significant on-chain whale large transfers were recorded. The top 10 addresses account for 70% of holdings, making it susceptible to concentrated sell pressure.
Market Views and Outlook
The mainstream sentiment on X community is cautiously optimistic, recognizing the pump driven by the short squeeze. However, many traders warn of RSI overbought, declining trading volume, and rejection at the $0.044 resistance, with a possible pullback to the $0.026-0.030 support range. Analysts highlight the risk of high concentration, ongoing high short-term volatility, and advise against chasing price surges.
Note: This analysis is automatically generated by AI based on public data and on-chain monitoring, for informational purposes 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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