Analysis Today TheBitTimes.com

A cryptocurrency market crash caused $430 billion in losses for cryptocurrencies and $2 billion in liquidations for traders this weekend. Facing the fear, uncertainty, and doubt of Iran-Israel’s conflict escalation, increased short positions threaten a short squeeze for leading assets. Notably, the crash liquidated over 500,000 cryptocurrency traders during the weekend, most of whom had bullish long positions. As the panic dominated within geopolitical tensions and the Iranian offensive, derivatives pivoted to a bearish state. In particular, Bitcoin (BTC) and Solana (SOL) saw 41% and 60% of derivatives volume increase in the last 24 hours. The two cryptocurrencies have an open interest of $32.41 billion and $1.98 billion, respectively. Finbold retrieved this data from CoinGlass data on April 14. Picks for you Bitcoin aims lower after losing strong support; Key levels to watch 2 hours ago UFC 300 victorious fighter wants the $300,000 bonus in Bitcoin 4 hou...

The cryptocurrency market remains in a consolidation range, struggling to decide which direction to follow. In this context, some cryptocurrencies maintain an increased open interest in short positions, creating short- squeeze opportunities for February. A short squeeze happens when short-sellers are liquidated, facing a sudden price surge. These liquidations force traders to repurchase the cryptocurrency, driving the price to higher levels, triggering further liquidations, and potentially making it skyrocket. Looking for insights, Finbold gathered data from CoinGlass ’s liquidation heatmap on February 6. In particular, we spotted cumulated short liquidations on Arbitrum (ARB) and Curve (CRV) in the monthly time frame. Short squeeze alert for Arbitrum (ARB) in February First, Arbitrum has a heavy liquidity accumulation in the $2.4 price level. More specifically, there are $33,150 in short liquidations at $2.414, making it an appealing target for market makers. ARB 1-month liqui...