Crypto derivatives have seen a significant increase in volume, which could lead to potential imbalances that may trigger liquidation events. This situation has caused an increase in short positions for certain cryptocurrencies. If these positions are liquidated, the likelihood of a short squeeze increases, which means a price rally. So, for which altcoins is this increase valid?

加密货币衍生品的交易量大幅增加，这可能导致潜在的不平衡，从而引发清算事件。这种情况导致某些加密货币的空头头寸增加。如果这些头寸被清算，轧空的可能性就会增加，这意味着价格上涨。那么，这种增加对哪些山寨币有效呢？

Market Overview and Short Squeeze Potential

市场概况和轧空潜力

While the total value of the crypto market has increased by 1.5% to reach $1.614 trillion, its highest level in 10 days, attention is now focused on cryptocurrencies with high short positions, especially if the market value exceeds this month’s highest levels.

虽然加密货币市场总价值增长了1.5%，达到10天来的最高水平1.614万亿美元，但现在人们的注意力集中在空头头寸较高的加密货币上，尤其是当市值超过本月最高水平时。

Among the cryptocurrencies with increased short positions, the cryptocurrency Dogecoin (DOGE) stands out. Currently trading at $0.0926, DOGE has an open short position amount of $514.56 million, which corresponds to 51.31% of the daily open position volume.

在空头头寸增加的加密货币中，加密货币狗狗币（DOGE）脱颖而出。目前，DOGE 的交易价格为 0.0926 美元，未平仓空头头寸金额为 5.1456 亿美元，相当于每日未平仓头寸数量的 51.31%。

This significant dollar value is close to the 24-hour spot exchange volume of $550.27 million and makes the liquidation of short positions impactful on the price of the meme coin DOGE.

这一巨大的美元价值接近 5.5027 亿美元的 24 小时现货交易量，使得空头头寸的清算对 meme 币 DOGE 的价格产生影响。

Short Squeeze Warning for dYdX (DYDX)

dYdX (DYDX) 的空头挤压警告

Simultaneously, the cryptocurrency dYdX (DYDX) witnessed a $188.57 million short position opened on December 21st. The cryptocurrency is trading at $2.957. Despite the 24-hour volume of only $132.69 million, which indicates a larger short position than current market activity, DYDX requires a market turnaround from a downturn to an upturn for a short squeeze to occur.

与此同时，加密货币 dYdX (DYDX) 于 12 月 21 日开立了价值 1.8857 亿美元的空头头寸。该加密货币的交易价格为 2.957 美元。尽管 24 小时交易量仅为 1.3269 亿美元，这表明空头头寸比当前市场活动更大，但 DYDX 需要市场从低迷转向好转才能发生轧空。

Recent significant changes such as token migration and the unlocking of over 80% of the circulating supply have added complexity to DYDX’s market dynamics. While the potential for a short squeeze is becoming apparent, it is important to note that a market turnaround is very significant for these events to occur.

最近发生的重大变化，例如代币迁移和解锁超过 80% 的流通供应量，增加了 DYDX 市场动态的复杂性。虽然轧空的可能性越来越明显，但值得注意的是，市场的转变对于这些事件的发生非常重要。

Factors such as recent token migrations and unlocking of supply locks can influence investors’ perception of the value of a digital asset. Investors are advised to conduct thorough research and consider complementary data to make informed and profitable financial decisions.

最近的代币迁移和供应锁定解锁等因素可能会影响投资者对数字资产价值的看法。建议投资者进行彻底的研究并考虑补充数据，以做出明智且有利可图的财务决策。

继续阅读：https://en.coin-turk.com/significant-increase-in-crypto-derivatives-volume-leads-to-pottial-short-squeeze/