• bitcoinBitcoin (BTC) $ 67,374.00
  • ethereumEthereum (ETH) $ 3,765.86
  • tetherTether (USDT) $ 0.998704
  • bnbBNB (BNB) $ 417.56
  • solanaSolana (SOL) $ 132.15
  • staked-etherLido Staked Ether (STETH) $ 3,755.99
  • xrpXRP (XRP) $ 0.644980
  • usd-coinUSDC (USDC) $ 0.998876
  • cardanoCardano (ADA) $ 0.766570
  • dogecoinDogecoin (DOGE) $ 0.182738
  • shiba-inuShiba Inu (SHIB) $ 0.000040
  • avalanche-2Avalanche (AVAX) $ 42.50
  • polkadotPolkadot (DOT) $ 10.38
  • tronTRON (TRX) $ 0.139337
  • chainlinkChainlink (LINK) $ 20.41
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 67,405.00
  • matic-networkPolygon (MATIC) $ 1.12
  • uniswapUniswap (UNI) $ 13.20
  • the-open-networkToncoin (TON) $ 2.71
  • bitcoin-cashBitcoin Cash (BCH) $ 441.63
  • internet-computerInternet Computer (ICP) $ 15.63
  • litecoinLitecoin (LTC) $ 90.03
  • ethereum-classicEthereum Classic (ETC) $ 38.11
  • filecoinFilecoin (FIL) $ 10.02
  • cosmosCosmos Hub (ATOM) $ 12.59
  • daiDai (DAI) $ 0.998637
  • leo-tokenLEO Token (LEO) $ 5.06
  • aptosAptos (APT) $ 12.59
  • nearNEAR Protocol (NEAR) $ 4.28
  • optimismOptimism (OP) $ 4.34
  • bittensorBittensor (TAO) $ 688.28
  • immutable-xImmutable (IMX) $ 3.08
  • crypto-com-chainCronos (CRO) $ 0.160804
  • stellarStellar (XLM) $ 0.146956
  • hedera-hashgraphHedera (HBAR) $ 0.123955
  • blockstackStacks (STX) $ 2.87
  • kaspaKaspa (KAS) $ 0.163050
  • injective-protocolInjective (INJ) $ 41.13
  • vechainVeChain (VET) $ 0.048712
  • okbOKB (OKB) $ 57.90
  • mantleMantle (MNT) $ 0.990987
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.994323
  • arbitrumArbitrum (ARB) $ 2.10
  • lido-daoLido DAO (LDO) $ 3.38
  • theta-tokenTheta Network (THETA) $ 2.98
  • pepePepe (PEPE) $ 0.000007
  • the-graphThe Graph (GRT) $ 0.302726
  • celestiaCelestia (TIA) $ 16.46
  • render-tokenRender (RNDR) $ 7.12
  • moneroMonero (XMR) $ 148.41
  • rocket-pool-ethRocket Pool ETH (RETH) $ 4,145.51
  • bonkBonk (BONK) $ 0.000034
  • bitcoin-svBitcoin SV (BSV) $ 109.51
  • beam-2Beam (BEAM) $ 0.039233
  • algorandAlgorand (ALGO) $ 0.253954
  • mantle-staked-etherMantle Staked Ether (METH) $ 3,867.26
  • sei-networkSei (SEI) $ 0.778984
  • makerMaker (MKR) $ 2,135.67
  • quant-networkQuant (QNT) $ 130.22
  • fetch-aiFetch.ai (FET) $ 1.80
  • bittorrentBitTorrent (BTT) $ 0.000002
  • arweaveArweave (AR) $ 28.38
  • flowFlow (FLOW) $ 1.24
  • suiSui (SUI) $ 1.50
  • fantomFantom (FTM) $ 0.652210
  • elrond-erd-2MultiversX (EGLD) $ 66.99
  • ordinalsORDI (ORDI) $ 83.47
  • thorchainTHORChain (RUNE) $ 5.83
  • aaveAave (AAVE) $ 116.34
  • dydx-chaindYdX (DYDX) $ 3.89
  • dogwifcoindogwifhat (WIF) $ 1.54
  • the-sandboxThe Sandbox (SAND) $ 0.698885
  • starknetStarknet (STRK) $ 2.13
  • galaGALA (GALA) $ 0.044197
  • havvenSynthetix Network (SNX) $ 4.54
  • flare-networksFlare (FLR) $ 0.042406
  • ecasheCash (XEC) $ 0.000075
  • axie-infinityAxie Infinity (AXS) $ 10.56
  • mina-protocolMina Protocol (MINA) $ 1.34
  • sats-ordinalsSATS (Ordinals) (SATS) $ 0.00000068
  • terra-lunaTerra Luna Classic (LUNC) $ 0.000242
  • apecoinApeCoin (APE) $ 2.27
  • chilizChiliz (CHZ) $ 0.151852
  • flokiFLOKI (FLOKI) $ 0.000132
  • axelarAxelar (AXL) $ 2.20
  • tezosTezos (XTZ) $ 1.44
  • kucoin-sharesKuCoin (KCS) $ 13.54
  • true-usdTrueUSD (TUSD) $ 0.997583
  • bitget-tokenBitget Token (BGB) $ 0.908818
  • neoNEO (NEO) $ 17.96
  • eosEOS (EOS) $ 1.11
  • decentralandDecentraland (MANA) $ 0.675476
  • tokenize-xchangeTokenize Xchange (TKX) $ 15.49
  • heliumHelium (HNT) $ 8.56
  • whitebitWhiteBIT Coin (WBT) $ 8.52
  • dydxdYdX (ETHDYDX) $ 3.90
  • corgiaiCorgiAI (CORGIAI) $ 0.003657
  • iotaIOTA (IOTA) $ 0.364803
  • frax-etherFrax Ether (FRXETH) $ 3,722.44
  • conflux-tokenConflux (CFX) $ 0.298513
  • singularitynetSingularityNET (AGIX) $ 0.871983
  • jasmycoinJasmyCoin (JASMY) $ 0.022477
  • oasis-networkOasis Network (ROSE) $ 0.159037
  • worldcoin-wldWorldcoin (WLD) $ 7.26
  • kavaKava (KAVA) $ 0.968775
  • gnosisGnosis (GNO) $ 402.05
  • woo-networkWOO (WOO) $ 0.565432
  • klay-tokenKlaytn (KLAY) $ 0.292403
  • cheeleeCheelee (CHEEL) $ 17.83
  • osmosisOsmosis (OSMO) $ 1.59
  • blurBlur (BLUR) $ 0.680980
  • akash-networkAkash Network (AKT) $ 4.33
  • pyth-networkPyth Network (PYTH) $ 0.662908
  • wemix-tokenWEMIX (WEMIX) $ 2.60
  • terra-luna-2Terra (LUNA) $ 1.43
  • swethSwell Ethereum (SWETH) $ 3,897.52
  • msolMarinade staked SOL (MSOL) $ 155.09
  • astarAstar (ASTR) $ 0.157196
  • dymensionDymension (DYM) $ 5.92
  • roninRonin (RON) $ 2.87
  • ethereum-name-serviceEthereum Name Service (ENS) $ 27.78
  • curve-dao-tokenCurve DAO (CRV) $ 0.741040
  • pancakeswap-tokenPancakeSwap (CAKE) $ 3.31
  • nervos-networkNervos Network (CKB) $ 0.018651
  • staked-frax-etherStaked Frax Ether (SFRXETH) $ 4,053.61
  • nexoNEXO (NEXO) $ 1.45
  • jupiter-exchange-solanaJupiter (JUP) $ 0.592231
  • ethena-usdeEthena USDe (USDE) $ 1.00
  • enjincoinEnjin Coin (ENJ) $ 0.552159
  • coinbase-wrapped-staked-ethCoinbase Wrapped Staked ETH (CBETH) $ 3,983.97
  • illuviumIlluvium (ILV) $ 118.67
  • ribbon-financeRibbon Finance (RBN) $ 0.796840
  • manta-networkManta Network (MANTA) $ 2.94
  • usddUSDD (USDD) $ 0.999740
  • holotokenHolo (HOT) $ 0.004049
  • gatechain-tokenGate (GT) $ 5.31
  • bitcoin-goldBitcoin Gold (BTG) $ 40.11
  • ondo-financeOndo (ONDO) $ 0.484531
  • rocket-poolRocket Pool (RPL) $ 34.37
  • 1inch1inch (1INCH) $ 0.600017
  • frax-shareFrax Share (FXS) $ 8.83
  • apenftAPENFT (NFT) $ 0.00000068
  • fraxFrax (FRAX) $ 0.993970
  • xdce-crowd-saleXDC Network (XDC) $ 0.046230
  • coredaoorgCore (CORE) $ 0.733950
  • compound-governance-tokenCompound (COMP) $ 92.24
  • golemGolem (GLM) $ 0.629749
  • superfarmSuperVerse (SUPER) $ 1.38
  • zilliqaZilliqa (ZIL) $ 0.035068
  • trust-wallet-tokenTrust Wallet (TWT) $ 1.46
  • theta-fuelTheta Fuel (TFUEL) $ 0.093773
  • lido-staked-solLido Staked SOL (STSOL) $ 154.52
  • ocean-protocolOcean Protocol (OCEAN) $ 1.00
  • iotexIoTeX (IOTX) $ 0.061961
  • stepnGMT (GMT) $ 0.329613
  • qtumQtum (QTUM) $ 5.47
  • celoCelo (CELO) $ 1.08
  • skaleSKALE (SKL) $ 0.109973
  • casper-networkCasper Network (CSPR) $ 0.046807
  • altlayerAltLayer (ALT) $ 0.493191
  • metis-tokenMetis (METIS) $ 102.76
  • gmxGMX (GMX) $ 56.23
  • siacoinSiacoin (SC) $ 0.009462
  • fasttokenFasttoken (FTN) $ 1.73
  • echelon-primeEchelon Prime (PRIME) $ 14.90
  • tether-goldTether Gold (XAUT) $ 2,123.75
  • chiaChia (XCH) $ 51.92
  • zetachainZetaChain (ZETA) $ 2.15
  • compound-ethercETH (CETH) $ 75.68
  • kujiraKujira (KUJI) $ 4.14
  • zcashZcash (ZEC) $ 34.03
  • compound-wrapped-btccWBTC (CWBTC) $ 1,353.54
  • basic-attention-tokenBasic Attention (BAT) $ 0.331890
  • origintrailOriginTrail (TRAC) $ 1.28
  • aelfaelf (ELF) $ 0.687991
  • gasGas (GAS) $ 7.33
  • kusamaKusama (KSM) $ 52.94
  • dashDash (DASH) $ 40.58
  • stader-ethxStader ETHx (ETHX) $ 3,803.67
  • kadenaKadena (KDA) $ 1.78
  • arkhamArkham (ARKM) $ 2.37
  • radixRadix (XRD) $ 0.044952
  • mask-networkMask Network (MASK) $ 4.75
  • ethereum-pow-iouEthereumPoW (ETHW) $ 4.19
  • desoDecentralized Social (DESO) $ 43.08
  • aleph-zeroAleph Zero (AZERO) $ 1.47
  • livepeerLivepeer (LPT) $ 14.38
  • nemNEM (XEM) $ 0.049661
  • loopringLoopring (LRC) $ 0.355145
  • convex-financeConvex Finance (CVX) $ 5.37
  • nosanaNosana (NOS) $ 5.30
  • memecoin-2Memecoin (MEME) $ 0.045860
  • rollbit-coinRollbit Coin (RLB) $ 0.148410
  • moonbeamMoonbeam (GLMR) $ 0.501931
  • harmonyHarmony (ONE) $ 0.034034
  • pixelsPixels (PIXEL) $ 0.538269
  • neutron-3Neutron (NTRN) $ 1.48
  • ankrAnkr Network (ANKR) $ 0.041017
  • decredDecred (DCR) $ 25.58
  • ravencoinRavencoin (RVN) $ 0.029537

Short squeeze alert for November 29: Two cryptocurrencies with potential to skyrocket

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Short positions in two cryptocurrencies have risen in the past 12 to 24 hours, indicating a bearish sentiment in the cryptocurrency market; however, this volume may lead to short-squeeze opportunities for bullish traders.

Particularly, Avalanche (AVAX) and Arbitrum (ARB) are showing a relevant weight of opened shorts over the total long positions in the derivative market. Both open interest capitalization also accrues for a meaningful amount of each 24-hour spot volume and market cap.

Finbold retrieved this data from CoinGlass on November 28, looking for possible short-squeeze events in a 12 to 24-hour time frame.

Short squeeze alert for Avalanche (AVAX)

In the last 12 hours, Avalanche registered $127.01 million in long positions and $141.14 million in short positions (52.63%). The 24-hour time frame also saw a similar weight of $274.06 million shorts (52.14%) over the $251.55 million longs.

Short squeeze alert for November 29: Two cryptocurrencies with potential to skyrocket

Interestingly, AVAX was changing hands by $20.36 per token at the time of publication, with shy daily gains of 0.57%. This divergence of price action and increased shorts interest might create the proper scenario for a short squeeze.

Moreover, the short-positions capitalization accrues for 80% of the $336.23 million daily exchanged volume for AVAX, according to CoinMarketCap.

Short squeeze alert for November 29: Two cryptocurrencies with potential to skyrocket

Arbitrum (ARB) short squeeze or bearish signal?

Meanwhile, Arbitrum has $110.22 million of short positions opened in the last 24 hours (53.32%), against $96.49 million longs. The 12-hour long/short ratio is even higher for shorts, with 54% of all interests betting on a bearish outcome.

Short squeeze alert for November 29: Two cryptocurrencies with potential to skyrocket

However, ARB derivatives are also indicating a divergence with the token’s price action, trading at $1.01 with 1.14% gains in the day. Unlike Avalanche, Arbitrum shorts are 55% of the $198.50 million daily volume.

Short squeeze alert for November 29: Two cryptocurrencies with potential to skyrocket

In this case, the divergence is less likely to start a short squeeze and could represent a trend reversal for ARB unless sentiment shifts. Nevertheless, the high weight against longs could incentivize market makers to hunt this available liquidity.

It is important to say that there are no guarantees that a short squeeze will happen with these cryptocurrencies. Crypto investors must do their own research and consider other data to make profitable financial decisions.

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

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