CoinEx News: BANK, the governance and utility token of Bitcoin-liquidity platform Lorenzo Protocol, traded near $0.243 on July 20, up 132.9% in 24 hours and above its previous $0.231 all-time high. The move began with a technical breakout and short squeeze, then accelerated as 24-hour futures turnover reached $5.50 billion—about 36 times spot volume—while no fresh project announcement clearly matched the scale of the rally.

BANK now looks like a leverage-heavy momentum trade, so traders should watch whether price can hold the former high near $0.23 and whether $192.5 million of open futures positions cools without triggering a sharp reversal.