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Short squeeze alert for December 8: Two cryptocurrencies with potential to skyrocket An altseason is brewing in the cryptocurrency market, with most cryptocurrencies showing bullish signals Most projects now have a balanced long/short ratio in the derivative market, which hardens the likelihood of a short squeeze event Looking into data by CoinGlass on December 8, Finbold spotted two particular cryptocurrencies with asslightly higher weight towards short positions.m Essentially short-sellers dominance usually indicates a bearish sentiment but also creates an appealing upward liquidity for short squeezes. In particular BNB Chain (BNB) and Bitcoin Cash (BCH) show an open interest heavily weighted toward shorts over long positions in both the 12 and 24-hour time frames. If an altseason really occurs these two digital assets could face a short squeeze. BNB Chain (BNB) short squeeze alert Notably, uncertainty over the cryptocurrency exchange Binance also affects the BNB’s performance. This impact can be observed in a dominant bearish indicator for open short positions in derivatives. The native BNB Chain token is trading at $234.57 by press time, with 52% of shorts dominance. Respectively, there are $194.05 million and $331.90 million in open short positions in the last 12 and 24 hours BNB Long/Short ratio on 12 and 24 hours Source: CoinGlass Bitcoin Cash (BCH) short-sellers could be liquidated In the meantime, Bitcoin Cash is another highly shorted cryptocurrency. For that reason, it has also experienced aggressive short squeezes in the past, which could occur again under the right conditions. Interestingly, there are $150.43 million of opened short positions in the last 24 hours. Out of which, $66.23 million happened in the last 12 hours, for 53.73% of this time frame open interest BCH Long/Short ratio on 12 and 24 hours A short squeeze occurs when these bearish positions get liquidated facing a surge in demand and price The increased demand causes a high volume of buy orders to liquidate exchange books #BTC $BCH $BNB

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#Bitcoin Bull Cycle Cheat Sheet 🟠 Bottom 🟡 Halving Year 🟢Bull Run & Peak 🔴Bear Market #BTC $BTC

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Bitcoin Fund Holdings Hit All-Time High as Spot ETF Excitement Entices Crypto Investors Digital asset funds surpassed $1 billion in net inflows this year, with money overwhelmingly flowing into BTC-focused investments, CoinShares reported. Bitcoin investment funds hold an all-time high of 863,434 BTC according to ByteTree Digital asset funds overall attracted large inflows over the past weeks as spot bitcoin ETF optimism spread to the broader crypto markets Bitcoin (BTC) investment fund BTC holdings have risen to the highest ever alongside the token's continuing rally thanks in part to optimism about coming approval for a spot exchange-traded fund (ETF) According to investment advisory firm ByteTree, token holdings this week rose to 863434 taking out the previous record high touched in April 2022 Over the past month funds have added about 22 100 bitcoins Little wonder the price has been so strong of late ByteTree founder Charlie Morris said Broader crypto funds enjoyed an uptick in fresh cash over the past weeks as well with digital asset management firm CoinShares reporting $767 million in net inflows over the past six weeks the most over such a time frame since the 2021 bull market Further James Butterfill head of research at CoinShares, earlier Friday noted inflows into digital asset funds so far this year have now topped $1 billion. Bitcoin, of course, is the overwhelming driver of these inflows as investors chase rising prices ahead of what's now expected to be imminent approval of multiple spot BTC ETFs. Speaking to CoinDesk earlier this week, Matt Hougan, Bitwise Asset Management’s Chief Investment Officer, suggested things have a long way to go before the spot ETF approval is priced in. Even with all the news hitting of late, it's Hougan's contention that the majority of financial advisors continue to believe a spot ETF isn't coming until 2025 or later BTC hit a 18-month high of $37,960 earlier this week, up 39% in the past month and 125% year-to-date. It's currently trading hands at $ 37,300 #BTC #ETH #CryptoTalks $BTC $ETH

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First Mover Americas: Bitcoin Ordinals Protocol Token Jumps 50% The latest price moves in crypto markets in context for Nov 7 2023 Latest Prices Top Stories Prices of the ORDI token tied to the Bitcoin Ordinals protocol surged 50% in 24 hours after it was listed on the crypto exchange Binance as an emerging project under the seed tag ORDI is a relatively new token that poses a higher-than-normal risk, and as such will likely be subject to high price volatility,Binance said in a Tuesday announcement Please ensure that you exercise sufficient risk management have done your own research in regard to ORDI s fundamentals and fully understand the project before opting to trade the token. The Seed Tag represents innovative projects that may exhibit higher volatility and risks compared to other listed tokens The Seed Tag will be applied to ORDI, the exchange added Silicon Valley investment firm Proof Group, part of the Fahrenheit consortium that successfully bid for bankrupt cryptocurrency lender Celsius, is in the running to relaunch FTX, according to two people familiar with the plans FTX, at the time one of the largest crypto exchanges, collapsed almost a year ago, sending shockwaves through the industry. Since then, the bankrupt exchange has received multiple bids for a potential restart, now narrowed down to a shortlist of three, according to Perella Weinberg Partners, an investment bank involved in the process Other options being considered include selling the entire exchange and its valuable 9 million-strong customer list or bringing in a partner. A decision should be made by mid-December,said Kevin Cofsky,a partner at Perella Weinberg last month Proof Group is a venture capital investor in crypto projects such as Aptos Lightspark and Sui Chart of the Day The chart shows bitcoin's average monthly volatility since 2014 Bitcoin has doubled in value this year amid weak liquidity conditions Still volatility has been largely absent from the market Perhaps macro and leverage traders are continuing to sit on the fence Follow #BTC #Stablecoins $BTC

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Bitcoin Addresses With Over $1K of #BTC Hits Record 8M, Data Shows The number could grow exponentially, representing a tremendous amount of purchasing power yet to buy. #BTC #BullRun #CryptoCurrents #Ledger $BTC

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