In the dynamic cryptocurrency landscape, each opened short position leaves liquidity pools behind, which can cause short squeezes. Therefore, traders can look for cryptocurrencies with an increased volume of shorts for potential pump opportunities.
The crypto market has shifted to a dominating bullish sentiment amid a notable rally. However, some cryptocurrencies are still attracting bearish short-sellers, which can soon become market makers’ targets.
Finbold gathered data from CoinGlass on February 27 to analyze the derivatives market. In particular, we found two potential cryptocurrencies for a short squeeze next week due to relevant liquidity pools upwards.
Essentially, short-sellers borrow a cryptocurrency to sell in the market. They profit by re-purchasing it at lower prices when they close the position – voluntarily or not.
Short squeeze alert for WorldCoin (WLD)
WorldCoin (WLD) is still attracting a significant number of short-sellers despite the market’s ov
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