After weeks of positive performance and a dominating bullish sentiment, the crypto market shifted to a slightly bearish short-term stance. Bitcoin (BTC) has led the movement, with a retracement down below the previous all-time high support line at $69,000.
This activity has also changed the open interest (OI) landscape in the derivatives market with recent massive liquidations. Previously, long positions were dominating all cryptocurrencies, which is now happening with short positions.
Essentially, crypto traders experienced a long squeeze against their positions, driving prices at lower levels. Therefore, the scenario currently favors short squeezes, expected to happen if short-sellers get liquidated, driving prices upwards.
In particular, Finbold spotted two cryptocurrencies on CoinGlass with a higher short-squeeze potential that could pump next week.
Short squeeze alert for Ethereum (ETH)
First, Ethereum (ETH) is trading at $3,709 with neutral price action less nearly 4
We współpracy z: https://finbold.com/short-squeeze-alert-2-cryptocurrencies-with-pump-potential-next-week/
