Bitcoin and Solana Short Squeeze: Cryptocurrency Potential This Week
Bitcoin Short Squeeze Potential
The higher potential for an incoming short squeeze lies in the leading cryptocurrency, Bitcoin. Besides the surging volume and increased open interest with BTC futures, the block subsidy halving is expected this week. $2.97 billion in Bitcoin shorts await liquidation, with smaller pools pointing towards a potential surge above the previous high.
Solana (SOL) Could Skyrocket
Solana has a significant liquidity pool at $190 per token and needs a strong trigger to reverse its current downtrend. Traders have favored short positions amid challenges in the Solana network, but developer solutions could revive investor confidence. Both cryptocurrencies are attractive targets for potential short squeezes.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.