Greed, FOMO, and an overall bullish sentiment dominate the cryptocurrency market, following Bitcoin’s (BTC) run to above $70,000. This landscape encourages traders to open long positions, which could lead to a long squeeze.
On that note, a long squeeze is the opposite of a short squeeze, happening when long positions are liquidated in series. When traders open longs, they create liquidity pools to the downside that can become targets for whales and market makers.
If the price crashes, reaching these liquidity pools, these positions are forced to close through liquidation, selling the underlying asset. For this reason, smart investors usually argue that we should trade in opposition to the current dominating sentiment.
On February 13, Finbold turned to CoinGlass data, which shows that most cryptocurrencies have a long-squeeze potential in the short term.
Dogecoin (DOGE)
First, Dogecoin (DOGE) recently had the spotlights leading a meme coin euphoria that dominated the mark
We współpracy z: https://finbold.com/long-squeeze-alert-for-next-week-two-cryptocurrencies-that-could-crash/
