• bitcoinBitcoin (BTC) $ 60,742.00
  • ethereumEthereum (ETH) $ 2,348.21
  • tetherTether (USDT) $ 0.999880
  • bnbBNB (BNB) $ 543.64
  • solanaSolana (SOL) $ 136.28
  • usd-coinUSDC (USDC) $ 0.999544
  • xrpXRP (XRP) $ 0.522900
  • staked-etherLido Staked Ether (STETH) $ 2,347.65
  • dogecoinDogecoin (DOGE) $ 0.105010
  • tronTRON (TRX) $ 0.157426
  • the-open-networkToncoin (TON) $ 5.31
  • cardanoCardano (ADA) $ 0.344987
  • avalanche-2Avalanche (AVAX) $ 24.64
  • wrapped-stethWrapped stETH (WSTETH) $ 2,772.75
  • shiba-inuShiba Inu (SHIB) $ 0.000016
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 60,676.00
  • wethWETH (WETH) $ 2,347.95
  • chainlinkChainlink (LINK) $ 10.63
  • bitcoin-cashBitcoin Cash (BCH) $ 319.34
  • polkadotPolkadot (DOT) $ 4.12
  • daiDai (DAI) $ 1.00
  • leo-tokenLEO Token (LEO) $ 5.87
  • nearNEAR Protocol (NEAR) $ 4.62
  • uniswapUniswap (UNI) $ 6.55
  • litecoinLitecoin (LTC) $ 63.29
  • suiSui (SUI) $ 1.66
  • aptosAptos (APT) $ 8.44
  • wrapped-eethWrapped eETH (WEETH) $ 2,463.50
  • internet-computerInternet Computer (ICP) $ 7.99
  • bittensorBittensor (TAO) $ 492.65
  • pepePepe (PEPE) $ 0.000009
  • kaspaKaspa (KAS) $ 0.145913
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 1.37
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.376019
  • ethereum-classicEthereum Classic (ETC) $ 18.49
  • blockstackStacks (STX) $ 1.81
  • moneroMonero (XMR) $ 144.91
  • stellarStellar (XLM) $ 0.090024
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.997475
  • ethena-usdeEthena USDe (USDE) $ 0.999107
  • okbOKB (OKB) $ 40.57
  • immutable-xImmutable (IMX) $ 1.51
  • crypto-com-chainCronos (CRO) $ 0.078808
  • aaveAave (AAVE) $ 141.95
  • filecoinFilecoin (FIL) $ 3.57
  • render-tokenRender (RENDER) $ 5.23
  • dogwifcoindogwifhat (WIF) $ 2.04
  • hedera-hashgraphHedera (HBAR) $ 0.051486
  • arbitrumArbitrum (ARB) $ 0.532820
  • optimismOptimism (OP) $ 1.52
  • injective-protocolInjective (INJ) $ 19.02
  • mantleMantle (MNT) $ 0.567666
  • vechainVeChain (VET) $ 0.022084
  • cosmosCosmos Hub (ATOM) $ 4.37
  • fantomFantom (FTM) $ 0.604590
  • whitebitWhiteBIT Coin (WBT) $ 11.32
  • thorchainTHORChain (RUNE) $ 4.50
  • the-graphThe Graph (GRT) $ 0.153896
  • binance-peg-wethBinance-Peg WETH (WETH) $ 2,354.57
  • sei-networkSei (SEI) $ 0.393902
  • bonkBonk (BONK) $ 0.000020
  • bitget-tokenBitget Token (BGB) $ 0.966367
  • rocket-pool-ethRocket Pool ETH (RETH) $ 2,629.09
  • solv-btcSolv Protocol SolvBTC (SOLVBTC) $ 60,600.00
  • makerMaker (MKR) $ 1,431.51
  • flokiFLOKI (FLOKI) $ 0.000128
  • theta-tokenTheta Network (THETA) $ 1.22
  • heliumHelium (HNT) $ 6.91
  • mantle-staked-etherMantle Staked Ether (METH) $ 2,446.94
  • arweaveArweave (AR) $ 17.96
  • pyth-networkPyth Network (PYTH) $ 0.311015
  • gatechain-tokenGate (GT) $ 8.42
  • mantra-daoMANTRA (OM) $ 1.26
  • celestiaCelestia (TIA) $ 4.75
  • matic-networkPolygon (MATIC) $ 0.376726
  • algorandAlgorand (ALGO) $ 0.121786
  • jupiter-exchange-solanaJupiter (JUP) $ 0.741978
  • quant-networkQuant (QNT) $ 68.00
  • ondo-financeOndo (ONDO) $ 0.675637
  • popcatPopcat (POPCAT) $ 0.955183
  • lido-daoLido DAO (LDO) $ 1.03
  • jasmycoinJasmyCoin (JASMY) $ 0.018967
  • kucoin-sharesKuCoin (KCS) $ 7.56
  • bitcoin-svBitcoin SV (BSV) $ 44.14
  • bittorrentBitTorrent (BTT) $ 0.00000090
  • ether-fi-staked-ethether.fi Staked ETH (EETH) $ 2,344.62
  • wormholeWormhole (W) $ 0.316485
  • fasttokenFasttoken (FTN) $ 2.48
  • flowFlow (FLOW) $ 0.525078
  • coredaoorgCore (CORE) $ 0.879019
  • worldcoin-wldWorldcoin (WLD) $ 1.60
  • based-brettBrett (BRETT) $ 0.078615
  • beam-2Beam (BEAM) $ 0.015033
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 2,389.46
  • ethenaEthena (ENA) $ 0.278422
  • flare-networksFlare (FLR) $ 0.015531
  • galaGALA (GALA) $ 0.019061
  • usddUSDD (USDD) $ 0.998130
  • notcoinNotcoin (NOT) $ 0.007110
  • conflux-tokenConflux (CFX) $ 0.160744
  • msolMarinade Staked SOL (MSOL) $ 166.24
  • klay-tokenKlaytn (KLAY) $ 0.123292
  • eosEOS (EOS) $ 0.465897
  • starknetStarknet (STRK) $ 0.361212
  • aerodrome-financeAerodrome Finance (AERO) $ 1.08
  • paypal-usdPayPal USD (PYUSD) $ 0.999749
  • ecasheCash (XEC) $ 0.000035
  • axie-infinityAxie Infinity (AXS) $ 4.49
  • neoNEO (NEO) $ 9.65
  • ordinalsORDI (ORDI) $ 32.07
  • elrond-erd-2MultiversX (EGLD) $ 24.50
  • tokenize-xchangeTokenize Xchange (TKX) $ 8.41
  • tether-goldTether Gold (XAUT) $ 2,654.46
  • nervos-networkNervos Network (CKB) $ 0.014458
  • fraxFrax (FRAX) $ 0.996934
  • tezosTezos (XTZ) $ 0.637219
  • eigenlayerEigenlayer (EIGEN) $ 3.34
  • arbitrum-bridged-wbtc-arbitrum-oneArbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 60,635.00
  • akash-networkAkash Network (AKT) $ 2.43
  • pendlePendle (PENDLE) $ 3.68
  • the-sandboxThe Sandbox (SAND) $ 0.244242
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 2,403.14
  • mina-protocolMina Protocol (MINA) $ 0.486711
  • roninRonin (RON) $ 1.59
  • ethereum-name-serviceEthereum Name Service (ENS) $ 16.29
  • chilizChiliz (CHZ) $ 0.058882
  • dydx-chaindYdX (DYDX) $ 0.848753
  • nexoNEXO (NEXO) $ 0.951213
  • sats-ordinalsSATS (Ordinals) (SATS) $ 0.00000025
  • mog-coinMog Coin (MOG) $ 0.000001
  • arbitrum-bridged-weth-arbitrum-oneArbitrum Bridged WETH (Arbitrum One) (WETH) $ 2,347.46
  • decentralandDecentraland (MANA) $ 0.276552
  • axelarAxelar (AXL) $ 0.646216
  • pax-goldPAX Gold (PAXG) $ 2,667.11
  • aioz-networkAIOZ Network (AIOZ) $ 0.453063
  • true-usdTrueUSD (TUSD) $ 0.996295
  • pancakeswap-tokenPancakeSwap (CAKE) $ 1.79
  • aleoALEO (ALEO) $ 4.68
  • echelon-primeEchelon Prime (PRIME) $ 10.06
  • coinbase-wrapped-staked-ethCoinbase Wrapped Staked ETH (CBETH) $ 2,538.74
  • terra-lunaTerra Luna Classic (LUNC) $ 0.000082
  • apecoinApeCoin (APE) $ 0.685863
  • superfarmSuperVerse (SUPER) $ 0.998630
  • l2-standard-bridged-weth-baseL2 Standard Bridged WETH (Base) (WETH) $ 2,347.52
  • jupiter-staked-solJupiter Staked SOL (JUPSOL) $ 141.86
  • oasis-networkOasis (ROSE) $ 0.066055
  • havvenSynthetix Network (SNX) $ 1.33
  • trust-wallet-tokenTrust Wallet (TWT) $ 1.05
  • zksyncZKsync (ZK) $ 0.118892
  • layerzeroLayerZero (ZRO) $ 3.93
  • astarAstar (ASTR) $ 0.059294
  • xdce-crowd-saleXDC Network (XDC) $ 0.029131
  • dexeDeXe (DEXE) $ 7.49
  • cat-in-a-dogs-worldcat in a dogs world (MEW) $ 0.004777
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 60,911.00
  • raydiumRaydium (RAY) $ 1.60
  • frax-etherFrax Ether (FRXETH) $ 2,341.23
  • l2-standard-bridged-weth-blastL2 Standard Bridged WETH (Blast) (WETH) $ 2,347.55
  • livepeerLivepeer (LPT) $ 11.80
  • iotaIOTA (IOTA) $ 0.117692
  • book-of-memeBOOK OF MEME (BOME) $ 0.005905
  • apenftAPENFT (NFT) $ 0.00000041
  • usdbUSDB (USDB) $ 1.01
  • bridged-usdc-polygon-pos-bridgeBridged USDC (Polygon PoS Bridge) (USDC.E) $ 1.00
  • metaplexMetaplex (MPLX) $ 0.406822
  • theta-fuelTheta Fuel (TFUEL) $ 0.059554
  • gnosisGnosis (GNO) $ 150.38
  • bitcoin-goldBitcoin Gold (BTG) $ 22.22
  • zcashZcash (ZEC) $ 25.56
  • beldexBeldex (BDX) $ 0.057765
  • safeSafe (SAFE) $ 0.785475
  • neiro-3Neiro (NEIRO) $ 0.000905
  • compound-governance-tokenCompound (COMP) $ 42.54
  • blurBlur (BLUR) $ 0.193958
  • binance-peg-busdBinance-Peg BUSD (BUSD) $ 1.00
  • arkhamArkham (ARKM) $ 1.30
  • osmosisOsmosis (OSMO) $ 0.516631
  • celoCelo (CELO) $ 0.632722
  • stepnGMT (GMT) $ 0.122596
  • polygon-pos-bridged-weth-polygon-posPolygon PoS Bridged WETH (Polygon POS) (WETH) $ 2,345.75
  • pepecoin-2PepeCoin (PEPECOIN) $ 2.87
  • ondo-us-dollar-yieldOndo US Dollar Yield (USDY) $ 1.06
  • dogs-2Dogs (DOGS) $ 0.000657
  • turboTurbo (TURBO) $ 0.004881
  • bitcoin-avalanche-bridged-btc-bBitcoin Avalanche Bridged (BTC.b) (BTC.B) $ 60,694.00
  • kavaKava (KAVA) $ 0.309743
  • iotexIoTeX (IOTX) $ 0.035289
  • safepalSafePal (SFP) $ 0.678885
  • wemix-tokenWEMIX (WEMIX) $ 0.842430
  • super-oethSuper OETH (SUPEROETHB) $ 2,343.43
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 60,750.00
  • ultimaUltima (ULTIMA) $ 7,902.69
  • reserve-rights-tokenReserve Rights (RSR) $ 0.006090
  • ethereum-pow-iouEthereumPoW (ETHW) $ 2.90
  • 1inch1inch (1INCH) $ 0.245871
  • golemGolem (GLM) $ 0.312163
  • curve-dao-tokenCurve DAO (CRV) $ 0.258057
  • dog-go-to-the-moon-runeDOG•GO•TO•THE•MOON (Runes) (DOG) $ 0.003093
  • staked-frax-etherStaked Frax Ether (SFRXETH) $ 2,575.50
  • constitutiondaoConstitutionDAO (PEOPLE) $ 0.060149

Short squeeze alert: 3 cryptocurrencies with pump potential this week

0 83

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 $74.346, which can become a target. Yet, there are smaller liquidity pools at other levels and a short squeeze could drive the price above $75,000.

Short squeeze alert: 3 cryptocurrencies with pump potential this week

Additionally, MartyParty spotted $8.1 billion of liquidations at $75,500, making it a relevant zone to consider.

Short squeeze alert: 3 cryptocurrencies with pump potential this week

Ethereum (ETH)

Meanwhile, Ethereum (ETH) also has some pump potential with many liquidity pools to the upside. However, ETH’s liquidation volume is proportionally smaller, weighted to its market cap and historical liquidations.

Still, some price levels gain the spotlight with higher leverage margin calls. On that, $3,600, $3,700, and above $4,000 are likely targets for a short squeeze.

Short squeeze alert: 3 cryptocurrencies with pump potential this week

As observed, opening leveraged short positions exposes traders to liquidations and incentivizes the market to go in the opposite direction of what most speculators are biased toward.

The cryptocurrency market is highly volatile and professional traders take advantage of this nature to increase their profits. Therefore, caution is needed when speculating and trading cryptocurrencies.

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

Source

Leave A Reply

Your email address will not be published.