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A mostly bullish sentiment dominates the cryptocurrency market, following Bitcoin’s (BTC) run to above $50,000. This level of greed encourages traders to massively open long positions, which could soon lead to a long squeeze. Essentially, a long squeeze is the opposite of a short squeeze , happening when long positions are liquidated in series. When traders open longs, it creates liquidity pools to the downside that can become targets for whales and market makers. If the price suddenly drops, reaching these liquidity pools, bull traders are liquidated and forced to sell their positions, dropping the price even further. For this reason, savvy investors usually argue that we should trade in opposition to the overall sentiment. Notably, Finbold retrieved data from CoinGlass on February 13, spotting meaningful long squeeze threats for the following days. Picked for you Terra Classic nears 100 billion burn milestone: Bullish for LUNC 2 hours ago Nearly $40 billion fl...

The cryptocurrency market is retracing after a notable pump on January 2. This past surge caused short-squeeze events for the leading cryptocurrencies, liquidating thousands of crypto short-sellers. Essentially, a short squeeze happens when short positions get liquidated on a majoritarian bearish market. These liquidations force purchases of the given crypto currency, driving the price higher, bringing new liquidations, even higher prices, and a spiral event. In this context, Finbold looked into derivatives and liquidation data from CoinGlass to spot probable short- squeeze candidates. Short squeeze alert for Polygon (MATIC) In particular, Polygon (MATIC) showed a 52.92% weight of $741.80 million in open short positions by press time. Moreover, a 24-hour volume surge of 82.26% happened amid a price crash of close to 13.97%. MATIC is trading at $0.87 at the time of publication. MATIC derivatives market 24-hour volume. Source: CoinGlass Cryptocurrency Bitcoin eras...