Short squeeze alert for November 23: Two cryptocurrencies with potential to skyrocket
After a few days of high volatility, the cryptocurrency market showed low volatility on November 23. As it happens, trading volume plummets, reflecting a momentary lack of speculative open interest in long and short positions. Nevertheless, it is still possible to find short squeeze potential even amid a reduced open interest volume. In particular, by looking into the correlation between opened short positions and the traded volume in a given time frame. Notably, four projects have a growing potential for a short squeeze if sentiment shifts from bearish to bullish until the weekend ends. Bitcoin Cash (BCH) has $52.61 million of opened short positions in the last 12 hours, accruing for 52.62% of its 12-hour open interest. Cryptocurrency Short squeeze alert for November 21: Two cryptocurrencies with potential to skyrocket Stocks Michael Burry's previously shorted stock index hits 52-week high Cryptocurrency Short squeeze aler...