Altcoin News Daily Official TheBitTimes.com

An altseason is brewing in the crypto currency market, with most crypto currencies showing bullish signals. Most projects now have a balanced long/short ratio in the derivative market, which hardens the likelihood of a short squeeze event. Looking into data by CoinGlass on December 8, Finbold spotted two particular cryptocurrencies with a slightly higher weight towards short positions. Essentially, short-sellers dominance usually indicates a bearish sentiment but also creates an appealing upward liquidity for short squeezes. In particular, BNB Chain (BNB) and Bitcoin Cash (BCH) show an open interest heavily weighted toward shorts over long positions in both the 12 and 24-hour time frames. If an altseason really occurs, these two digital assets could face a short squeeze . BNB Chain (BNB) short squeeze alert Notably, uncertainty over the cryptocurrency exchange Binance also affects the BNB’s performance. This impact can be observed in a dominant bearish indicator for open sh...

On November 14, the U.S. CPI data showed an inflation index below the market’s expectations. The stock market reacted positively, while the cryptocurrency market moved in another direction before bouncing back to current levels. In the meantime, some cryptocurrencies saw an increase in short positions, which can lead to short squeeze s if the sentiment remains bullish. With that in mind, Finbold turned to CoinGlass and gathered long/short ratio data on November 15. Interestingly, this high-volatility event contributed to an increased volume of derivatives for Bitcoin (BTC). The leading cryptocurrency registered $45 billion traded in derivatives, up 59% in the last 24 hours. Is a short squeeze incoming for Bitcoin (BTC)? Among the market’s open interest to speculate on Bitcoin, $20.42 billion worth of short positions dominate by 51.87% against the $18.94 billion long positions. While these numbers suggest a dominating bearish sentiment in this segment, it also creates a threat fo...