The cryptocurrency market went through a massive volatility event in the past 24 hours, first to the upside and later to the downside. High volatility also means high derivatives volume and liquidity, which creates long-liquidations and short-squeeze opportunities.

암호화폐 시장은 지난 24시간 동안 처음에는 상승했다가 나중에는 하락하는 대규모 변동성을 겪었습니다. 높은 변동성은 또한 높은 파생상품 거래량과 유동성을 의미하며 이는 장기 청산 및 단기 청산 기회를 창출합니다.

With that in mind, Finbold turned to CoinGlass on November 9 and gathered data about long/short ratios from the top cryptocurrencies.

이를 염두에 두고 Finbold는 11월 9일에 CoinGlass를 사용하여 상위 암호화폐에서 장/단기 비율에 대한 데이터를 수집했습니다.

In particular, we found two digital assets with relevant imbalances favoring short positions. This extra liquidity might become attractive for market makers to seek short squeezes for November 10.

특히, 우리는 숏 포지션을 선호하는 관련 불균형을 지닌 두 개의 디지털 자산을 발견했습니다. 이러한 추가 유동성은 시장 조성자들이 11월 10일에 단기 압박을 모색하는 데 매력적일 수 있습니다.

However, an increased short imbalance is also seen as a bearish signal, reflecting a negative sentiment for the project moving further. Investors and cryptocurrency traders must be capable of analyzing multiple indicators in order to make profitable decisions.

Bitcoin Cash (BCH) short squeeze

Bitcoin Cash (BCH) suffered with a major volatility in the day, trading as high as $255.54 but retracing back to $231.69 at the time of publication. Essentially, BCH returned to price levels of a week ago, registering 4.95% losses in the last 24 hours.

The price retracement brought a dominant bearish sentiment and a meaningful increase in short positions. Notably, Bitcoin Cash has $376.06 million in derivatives betting for lower prices within the next 12 hours. This means a 52.67% imbalance that could trigger a short squeeze for BCH.

Dogecoin (DOGE) short squeeze

Meanwhile, Dogecoin (DOGE) has also seen an aggressive retracement from $0.0774 to $0.0716, by press time. Nevertheless, DOGE was able to hold part of its weekly performance.

한편, 도지코인(DOGE)도 보도 시점 기준 0.0774달러에서 0.0716달러로 공격적인 되돌림을 보였습니다. 그럼에도 불구하고 DOGE는 주간 공연의 일부를 개최할 수 있었습니다.

Despite stronger price support, derivative traders also showed bearish dominance on Dogecoin, with increased short positions that could be squeezed at any time. Interestingly, there is a massive $628.60 million in shorts (52.39%) for a 12-hour time frame and $959.73 million (51.70%) for a 24-hour time frame.

Both Dogecoin and Bitcoin Cash have seen high liquidation events in the past against short-sellers. In this context, the bearish dominance could trigger short squeezes for both cryptocurrencies or feed a pivotal downtrend for the rest of the week.

It is important to say that the recent plummet in price could have been a result of long liquidations.

최근 가격 급락은 오랜 청산의 결과일 수도 있다는 점을 말하는 것이 중요합니다.

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