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$BICO BICO Short Squeeze Continues – Hits $0.09 Then Pulls Back
BICO extends its short-squeeze rally, surging to $0.09 earlier today before pulling back to $0.077 — still up 22% in 24 hours.
The core driver remains Binance contract liquidations, not fundamental changes. Just a week ago, BICO was sitting at an all-time low of $0.011. In just days, it has violently rallied to above $0.09 — a cumulative gain of over 700% — a classic "short-squeeze machine."
Following the launch of Binance perpetual contracts, speculative capital flooded in. Negative funding rates have persisted, forcing shorts to cover and further fueling the upside. The market is attaching an "AI Agent + account abstraction" narrative to the move, but no new protocol updates have actually been released.
The $0.09 level saw a clear rejection, signaling short-term overheating. Watch for profit-taking and whether volume can sustain the momentum.#存储股抛压缓和,AI内存牛市还稳吗? #现货ETF资金回流,BTC与ETH能否接力? #财报观察员:空头回补成焦点,SpaceX后续怎么看? $BTC $OKB
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