Short squeeze alert for April: Two cryptocurrencies with potential to skyrocket
As March comes to an end, cryptocurrency traders look for insights on cryptocurrencies with the potential to skyrocket in April. Among valuable indicators, the open interest in the derivatives market hints at possible short squeezes in the following weeks. In particular, the current domination of short positions could trigger massive liquidations in specific cryptocurrencies , proportionally pumping their prices. This happens because traders agree upon a liquidation price to open shorts against a cryptocurrency they are bearish with. If the underlying asset reaches the liquidation price, the position is closed through the asset’s repurchase. Picks for you 2 cryptocurrencies to reach $10 billion market cap in April 6 mins ago Economist Peter Schiff’s warning to ‘ignorant’ young people preferring Bitcoin 2 hours ago Claude Opus AI predicts Gold price for the end of 2024 3 hours ago Breakout signal: This is the crucial XRP price level to watch 4 hours ago