Signs of Potential Short Squeeze for BNB Chain and Toncoin Cryptocurrencies

Cryptocurrency Short Squeeze Analysis

High open interest volume, negative funding rates, and upward accumulated liquidations can indicate a potential short squeeze for cryptocurrencies.

Market Trend Observations

The cryptocurrency market, following Bitcoin's downtrend, is poised for a significant move either upwards or downwards.

BNB Chain Short Squeeze

• BNB has a high open interest and second-highest negative funding rate.
• Short sellers pay a 64% APR to long-position traders.
• A short squeeze could drive BNB to a liquidation pool near $610 per token.

Toncoin Potential Short Squeeze

• Toncoin exhibits the worst negative funding rate among cryptocurrency derivatives.
• The project has two notable liquidity pools for short liquidations at specific price levels.
• If the downtrend reverses, TON could experience a short squeeze effect.