Long squeeze alert: BTC and XRP could retrace to these levels
The cryptocurrency open interest volume has skyrocketed to record highs, bringing huge volatility to derivatives and spot markets. While traders bet on the outcome of cryptocurrencies like Bitcoin (BTC) and XRP, they leave positions behind, threatening liquidations. In particular, the current bullish momentum has fueled traders’ greed and encouraged the opening of long positions. This trend is gaining strength, and multiple indicators suggest a long squeeze could be incoming for top-traded assets. Finbold turned to different sources and found relevant long- squeeze alerts in the market, with special attention to the leading cryptocurrency, Bitcoin. Picks for you Brace for ‘hot April’ and XRP at $0.77; Here’s why 2 hours ago Here's how many millionaires Bitcoin creates daily 2 hours ago Ethereum Dencun upgrade goes live; Can ETH hit $5k? 3 hours ago Major short squeeze incoming for MicroStrategy stock 3 hours ago Bitcoin (BTC) open interest...