• bitcoinBitcoin (BTC) $ 63,550.00
  • ethereumEthereum (ETH) $ 2,973.44
  • tetherTether (USDT) $ 1.00
  • bnbBNB (BNB) $ 548.17
  • solanaSolana (SOL) $ 134.87
  • usd-coinUSDC (USDC) $ 1.01
  • staked-etherLido Staked Ether (STETH) $ 2,965.28
  • xrpXRP (XRP) $ 0.469731
  • dogecoinDogecoin (DOGE) $ 0.148969
  • the-open-networkToncoin (TON) $ 5.93
  • cardanoCardano (ADA) $ 0.446367
  • avalanche-2Avalanche (AVAX) $ 33.71
  • shiba-inuShiba Inu (SHIB) $ 0.000021
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 63,459.00
  • tronTRON (TRX) $ 0.109292
  • bitcoin-cashBitcoin Cash (BCH) $ 462.81
  • polkadotPolkadot (DOT) $ 6.37
  • chainlinkChainlink (LINK) $ 13.10
  • matic-networkPolygon (MATIC) $ 0.648538
  • litecoinLitecoin (LTC) $ 75.49
  • internet-computerInternet Computer (ICP) $ 11.93
  • leo-tokenLEO Token (LEO) $ 5.83
  • nearNEAR Protocol (NEAR) $ 5.07
  • daiDai (DAI) $ 1.00
  • uniswapUniswap (UNI) $ 6.81
  • first-digital-usdFirst Digital USD (FDUSD) $ 1.00
  • aptosAptos (APT) $ 8.87
  • ethereum-classicEthereum Classic (ETC) $ 25.12
  • blockstackStacks (STX) $ 2.52
  • mantleMantle (MNT) $ 1.07
  • crypto-com-chainCronos (CRO) $ 0.124055
  • bittensorBittensor (TAO) $ 484.16
  • cosmosCosmos Hub (ATOM) $ 8.00
  • okbOKB (OKB) $ 51.64
  • filecoinFilecoin (FIL) $ 5.63
  • stellarStellar (XLM) $ 0.103663
  • immutable-xImmutable (IMX) $ 2.01
  • vechainVeChain (VET) $ 0.038810
  • render-tokenRender (RNDR) $ 7.26
  • arbitrumArbitrum (ARB) $ 1.03
  • hedera-hashgraphHedera (HBAR) $ 0.075449
  • kaspaKaspa (KAS) $ 0.113509
  • makerMaker (MKR) $ 2,802.36
  • ethena-usdeEthena USDe (USDE) $ 1.00
  • dogwifcoindogwifhat (WIF) $ 2.34
  • the-graphThe Graph (GRT) $ 0.228891
  • optimismOptimism (OP) $ 2.14
  • pepePepe (PEPE) $ 0.000005
  • injective-protocolInjective (INJ) $ 23.53
  • moneroMonero (XMR) $ 115.95
  • wrapped-eethWrapped eETH (WEETH) $ 3,068.14
  • fetch-aiFetch.ai (FET) $ 1.93
  • theta-tokenTheta Network (THETA) $ 1.93
  • fantomFantom (FTM) $ 0.652446
  • celestiaCelestia (TIA) $ 9.89
  • rocket-pool-ethRocket Pool ETH (RETH) $ 3,277.62
  • lido-daoLido DAO (LDO) $ 1.86
  • thorchainTHORChain (RUNE) $ 4.90
  • bitget-tokenBitget Token (BGB) $ 1.14
  • arweaveArweave (AR) $ 23.95
  • galaGALA (GALA) $ 0.040261
  • mantle-staked-etherMantle Staked Ether (METH) $ 3,057.56
  • ethenaEthena (ENA) $ 1.03
  • suiSui (SUI) $ 1.07
  • quant-networkQuant (QNT) $ 95.01
  • algorandAlgorand (ALGO) $ 0.166804
  • flokiFLOKI (FLOKI) $ 0.000133
  • sei-networkSei (SEI) $ 0.483002
  • flowFlow (FLOW) $ 0.861058
  • whitebitWhiteBIT Coin (WBT) $ 8.91
  • bitcoin-svBitcoin SV (BSV) $ 65.19
  • beam-2Beam (BEAM) $ 0.024010
  • jupiter-exchange-solanaJupiter (JUP) $ 0.930103
  • flare-networksFlare (FLR) $ 0.031984
  • aaveAave (AAVE) $ 82.03
  • bittorrentBitTorrent (BTT) $ 0.000001
  • ether-fi-staked-ethether.fi Staked ETH (EETH) $ 2,944.75
  • coredaoorgCore (CORE) $ 1.33
  • ribbon-financeRibbon Finance (RBN) $ 1.18
  • neoNEO (NEO) $ 15.82
  • tokenize-xchangeTokenize Xchange (TKX) $ 13.55
  • ondo-financeOndo (ONDO) $ 0.728084
  • zebec-protocolZebec Network (ZBCN) $ 0.020558
  • ecasheCash (XEC) $ 0.000052
  • starknetStarknet (STRK) $ 1.38
  • elrond-erd-2MultiversX (EGLD) $ 37.30
  • bonkBonk (BONK) $ 0.000015
  • nervos-networkNervos Network (CKB) $ 0.022430
  • wormholeWormhole (W) $ 0.547979
  • axie-infinityAxie Infinity (AXS) $ 6.74
  • singularitynetSingularityNET (AGIX) $ 0.746911
  • tezosTezos (XTZ) $ 0.978324
  • ordinalsORDI (ORDI) $ 45.38
  • gatechain-tokenGate (GT) $ 6.98
  • the-sandboxThe Sandbox (SAND) $ 0.406908
  • jasmycoinJasmyCoin (JASMY) $ 0.018980
  • dydx-chaindYdX (DYDX) $ 1.95
  • roninRonin (RON) $ 2.88
  • havvenSynthetix Network (SNX) $ 2.71
  • cheeleeCheelee (CHEEL) $ 15.59
  • chilizChiliz (CHZ) $ 0.095628
  • conflux-tokenConflux (CFX) $ 0.213998
  • msolMarinade staked SOL (MSOL) $ 158.39
  • eosEOS (EOS) $ 0.724880
  • pyth-networkPyth Network (PYTH) $ 0.550150
  • worldcoin-wldWorldcoin (WLD) $ 4.46
  • kucoin-sharesKuCoin (KCS) $ 8.59
  • gnosisGnosis (GNO) $ 317.39
  • mina-protocolMina Protocol (MINA) $ 0.717032
  • decentralandDecentraland (MANA) $ 0.410047
  • akash-networkAkash Network (AKT) $ 3.30
  • aerodrome-financeAerodrome Finance (AERO) $ 1.87
  • usddUSDD (USDD) $ 0.998146
  • heliumHelium (HNT) $ 4.40
  • echelon-primeEchelon Prime (PRIME) $ 19.16
  • apecoinApeCoin (APE) $ 1.13
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 2,987.95
  • iotaIOTA (IOTA) $ 0.218753
  • nexoNEXO (NEXO) $ 1.24
  • frax-etherFrax Ether (FRXETH) $ 2,940.86
  • kavaKava (KAVA) $ 0.619713
  • pancakeswap-tokenPancakeSwap (CAKE) $ 2.63
  • dexeDeXe (DEXE) $ 11.47
  • fraxFrax (FRAX) $ 0.997872
  • axelarAxelar (AXL) $ 1.02
  • swethSwell Ethereum (SWETH) $ 3,118.56
  • klay-tokenKlaytn (KLAY) $ 0.173742
  • corgiaiCorgiAI (CORGIAI) $ 0.001818
  • lido-staked-solLido Staked SOL (STSOL) $ 158.05
  • aioz-networkAIOZ Network (AIOZ) $ 0.564338
  • osmosisOsmosis (OSMO) $ 0.928007
  • dydxdYdX (ETHDYDX) $ 1.96
  • bitcoin-goldBitcoin Gold (BTG) $ 34.75
  • sats-ordinalsSATS (Ordinals) (SATS) $ 0.00000029
  • blurBlur (BLUR) $ 0.388250
  • oasis-networkOasis Network (ROSE) $ 0.087279
  • tether-goldTether Gold (XAUT) $ 2,357.01
  • radixRadix (XRD) $ 0.055859
  • dymensionDymension (DYM) $ 3.56
  • illuviumIlluvium (ILV) $ 89.87
  • pups-ordinalsPUPS (Ordinals) (PUPS) $ 74.31
  • mantra-daoMANTRA (OM) $ 0.693774
  • coinbase-wrapped-staked-ethCoinbase Wrapped Staked ETH (CBETH) $ 3,160.49
  • fasttokenFasttoken (FTN) $ 1.77
  • based-brettBrett (BRETT) $ 0.063668
  • pendlePendle (PENDLE) $ 5.54
  • astarAstar (ASTR) $ 0.093927
  • terra-lunaTerra Luna Classic (LUNC) $ 0.000090
  • wemix-tokenWEMIX (WEMIX) $ 1.44
  • true-usdTrueUSD (TUSD) $ 1.00
  • mx-tokenMX (MX) $ 5.11
  • altlayerAltLayer (ALT) $ 0.400982
  • curve-dao-tokenCurve DAO (CRV) $ 0.425105
  • xdce-crowd-saleXDC Network (XDC) $ 0.035999
  • woo-networkWOO (WOO) $ 0.269494
  • theta-fuelTheta Fuel (TFUEL) $ 0.076088
  • staked-frax-etherStaked Frax Ether (SFRXETH) $ 3,197.07
  • iotexIoTeX (IOTX) $ 0.050455
  • manta-networkManta Network (MANTA) $ 1.86
  • ocean-protocolOcean Protocol (OCEAN) $ 0.763864
  • pax-goldPAX Gold (PAXG) $ 2,501.75
  • stepnGMT (GMT) $ 0.235174
  • apenftAPENFT (NFT) $ 0.00000046
  • ether-fiEther.fi (ETHFI) $ 3.92
  • book-of-memeBOOK OF MEME (BOME) $ 0.008142
  • 1inch1inch (1INCH) $ 0.387347
  • skaleSKALE (SKL) $ 0.084406
  • enjincoinEnjin Coin (ENJ) $ 0.302115
  • zilliqaZilliqa (ZIL) $ 0.022988
  • trust-wallet-tokenTrust Wallet (TWT) $ 0.995208
  • polymeshPolymesh (POLYX) $ 0.397905
  • terra-luna-2Terra (LUNA) $ 0.580075
  • compound-wrapped-btccWBTC (CWBTC) $ 1,276.51
  • celoCelo (CELO) $ 0.738319
  • ankrAnkr Network (ANKR) $ 0.039414
  • ravencoinRavencoin (RVN) $ 0.028630
  • project-galaxyGalxe (GAL) $ 3.71
  • ethereum-name-serviceEthereum Name Service (ENS) $ 12.46
  • 0x0x Protocol (ZRX) $ 0.457290
  • rocket-poolRocket Pool (RPL) $ 19.00
  • biconomyBiconomy (BICO) $ 0.514753
  • memecoin-2Memecoin (MEME) $ 0.024775
  • superfarmSuperVerse (SUPER) $ 0.845065
  • siacoinSiacoin (SC) $ 0.006674
  • jeo-bodenJeo Boden (BODEN) $ 0.550613
  • qtumQtum (QTUM) $ 3.60
  • ethereum-pow-iouEthereumPoW (ETHW) $ 3.47
  • holotokenHolo (HOT) $ 0.002123
  • aelfaelf (ELF) $ 0.509987
  • stader-ethxStader ETHx (ETHX) $ 3,033.99
  • frax-shareFrax Share (FXS) $ 4.62
  • origintrailOriginTrail (TRAC) $ 0.900194
  • amp-tokenAmp (AMP) $ 0.006393
  • casper-networkCasper Network (CSPR) $ 0.029829
  • raydiumRaydium (RAY) $ 1.35
  • basic-attention-tokenBasic Attention (BAT) $ 0.236047
  • safepalSafePal (SFP) $ 0.753333
  • compound-governance-tokenCompound (COMP) $ 50.36
  • golemGolem (GLM) $ 0.344548
  • livepeerLivepeer (LPT) $ 10.83

Short squeeze alert for this week: Two cryptocurrencies with potential to skyrocket

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Cryptocurrency traders often navigate price trends, launching into short positions during bearish phases and long positions amid bull rallies. This behavior sets the stage for profitable long or short squeezes, masterminded by whales and market makers.

When initiating short positions, traders essentially bet on the cryptocurrency‘s value dropping through a collateral deposit and a liquidation price above the current exchange rate.

However, if the asset’s price surges, reaching this liquidation point, it can forcibly close the traders’ positions. This event, known as a short squeeze, involves a cascade of closures, pushing the price higher and clearing the liquidity pools.

Short squeeze alert for Solana (SOL)

Notably, Solana (SOL) has seen an increase in short positions in the last 24 hours, creating upward liquidity pools. Finbold retrieved this data from CoinGlass’ derivatives market on February 20. From the $6.13 billion 24-hour volume, 52.92% is made by short sellers, for $3.21 billion.

Short squeeze alert for this week: Two cryptocurrencies with potential to skyrocket

The most likely target is $119.47 per SOL, with over $820,000 of liquidations at this price. Solana is trading at $106.37, down 6.78% in the day following a general drop in the crypto market.

Short squeeze alert for this week: Two cryptocurrencies with potential to skyrocket

Sui Network (SUI) could pump with a short squeeze

Another coin with a potential imminent short squeeze is Sui Network (SUI), which has had a growing volume of short positions. In particular, $440 million of a $814.26 million 24-hour volume is made of shorts.

Short squeeze alert for this week: Two cryptocurrencies with potential to skyrocket

SUI’s liquidation heatmap has even more short-squeeze potential than Solana’s in comparison to historic liquidations in the weekly time frame. On that, there are relevant liquidity pools close to the current price of $1.66 per token.

Furthermore, reaching these pools could fuel a pump, seeking more liquidations above the $1.95 zone.

Short squeeze alert for this week: Two cryptocurrencies with potential to skyrocket

Nevertheless, short sellers can avoid liquidation by either adding more collateral to the already opened contracts or closing their positions. Thus, liquidity pools can quickly change over time as the market adjusts to recent developments.

In closing, Solana and Sui Network could suffer a short squeeze this week due to increased short positions and liquidations upwards. But cryptocurrencies are volatile and unpredictable, changing every minute. Investors must remain cautious and properly manage risk while speculating on this market.

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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