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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 ...

Bitcoin (BTC) has slightly retraced after an impressive run above $50,000 earlier this week. While the leading cryptocurrency tries to discover its current supports and resistances, altcoins might offer good risk-reward ratios. In the meantime, expert traders discuss their expectations and investment thesis on the altcoin market. An altcoin is any cryptocurrency that is not Bitcoin and usually shows higher volatility. Essentially, investors expect altcoins to outperform BTC in bull markets and underperform the leader in bear markets. The expert trader known as CrediBULL Crypto has commented on these dynamics. In particular, he explained that an Altcoin rally is not necessarily when money rotates from Bitcoin to other cryptocurrencies. Instead, it is mostly fueled by a capital inflow to the whole market, causing larger price increases in smaller market caps. Picked for you Gold crashes below $2,000 but Peter Schiff thinks it's ‘bullish’ 2 hours ago Recession ...

While the endorsement from Elon Musk created an appealing outlook for Dogecoin (DOGE), investors appear to be starting to lose faith in the most popular meme coin, as seen from the recent trading activity. The current state of Dogecoin entails a notable decline in transaction volume and a decrease in whale transaction count, suggesting a downturn in trading activity, per a post on X from cryptocurrency analyst Ali Martinez on February 12. “This could be a sign that fewer people are buying, selling, or transferring DOGE, possibly due to reduced interest or confidence in it.” Whale transactions over $1 million have significantly decreased, hitting a peak at the price of $0.075 with a volume of 33.5 million, which marks a substantial decline from slightly over a month ago when they reached 773 million. Decline of DOGE’s trading activity. Source: Ali Martinez Charts and technicals are indecisive Looking at the technical indicators and price patterns on various time spans for DOGE...

Bitcoin (BTC) recently experienced a price retracement, trading as low as $42,100, which moved the whole cryptocurrency market. Under a bearish sentiment, some cryptocurrencies have been heavily shorted, threatening short- squeeze events on December 29. Notably, Bitcoin’s dominance suffered the most as altcoins were able to guarantee lower losses than the market leader. Amid signs of an altseason, an increased volume of short positions could ignite massive liquidations — driving the price upwards. In particular, Finbold spotted two cryptocurrencies on CoinGlass ’s dashboard that triggered our short squeeze alert . Cardano (ADA) and Radix (XRD) have a significantly higher volume, favoring shorts over long positions.  Short squeeze alert for Cardano (ADA) on December 29 The first short squeeze alert is for Cardano, one of the market’s oldest and most solid Ethereum (ETH) competitors. With a $22.07 billion capitalization, its native token trades at $0.623 by press time...