A sentiment shift took place in the cryptocurrency market, pivoting from mostly bullish to mostly bearish in a few days. A $230 billion crash in 24 hours liquidated over 240,000 traders in more than $500 million long positions.
In this context, cryptocurrencies saw a relevant increase in the volume of short positions, creating imbalances that now threaten a short squeeze. If the open interest remains dominated by Bitcoin short-sellers, they could be the next victims of massive liquidations.
Nevertheless, such a state can create opportunities for savvy traders who know where to look. For this reason, Finbold turned to liquidation data on CoinGlass and identified three cryptocurrencies likely to experience a short squeeze.
Short squeeze alert for Bitcoin (BTC)
Bitcoin (BTC) is the first cryptocurrency to trigger a short-squeeze alert with now accumulated liquidity to the upside.
In particular, CoinGlass’s weekly chart shows concentrated short-sellers liquidations at $74.34
We współpracy z: https://finbold.com/short-squeeze-alert-3-cryptocurrencies-with-pump-potential-this-week/
