{"id":86746,"date":"2023-11-08T11:35:00","date_gmt":"2023-11-08T09:35:00","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=86746"},"modified":"2025-09-13T07:28:57","modified_gmt":"2025-09-13T04:28:57","slug":"opinion-market-ripe-for-a-new-wave-of-short-squeezes","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/opinion-market-ripe-for-a-new-wave-of-short-squeezes\/","title":{"rendered":"Opinion: Market ripe for a new wave of short squeezes"},"content":{"rendered":"<p>Over the past 24 hours, open interest (OI) in Bitcoin futures has risen significantly, creating conditions for further upside in the price of digital gold. These observations were shared by trader CredibleCrypto.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Yup there was a significant rise in OI overnight- it seems to be more of the same- shorts aping into passive bids here at the local lows.<\/p>\n<p>We have a big rise in OI, perp takers net selling, funding decreasing, and limit bids being filled. A recipe for a nice squeeze up. <a href=\"https:\/\/t.co\/IgwSR5dIo9\">https:\/\/t.co\/IgwSR5dIo9<\/a> <a href=\"https:\/\/t.co\/F82fmNnw7F\">pic.twitter.com\/F82fmNnw7F<\/a><\/p>\n<p>\u2014 CrediBULL Crypto (@CredibleCrypto) <a href=\"https:\/\/twitter.com\/CredibleCrypto\/status\/1721943076392808511?ref_src=twsrc%5Etfw\">November 7, 2023<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>&#8220;We have a big rise in OI, net selling in perpetual contracts, a decrease in funding costs, and limit buy orders being filled. A recipe for a nice squeeze up,&#8221;<\/em> he explained.<\/p>\n<\/blockquote>\n<p>According to CoinGlass, open interest in Bitcoin futures<a href=\"https:\/\/www.coinglass.com\/BitcoinOpenInterest\"> \u0434\u043e\u0441\u0442\u0438\u0433 $16,6 \u043c\u043b\u0440\u0434<\/a>.<\/p>\n<p>A jump <a href=\"https:\/\/u1f987.com\/en\/news\/bitcoin-trades-above-35000-as-it-consolidates-near-35200\"> above $35 000<\/a> on the eve could have triggered a wave of short-position liquidations.<\/p>\n<p>This development had been anticipated by trader Skew and other members of the community. In the expert&#8217;s view, the catalyst was the break above $34 800.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/search?q=%24BTC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$BTC<\/a> <br \/>open interest still building up &#038; looking more like shorts have a higher float in the OI build up here <\/p>\n<p>$34,800 ~ key price for a squeeze <a href=\"https:\/\/t.co\/CbktjjU4Hv\">pic.twitter.com\/CbktjjU4Hv<\/a><\/p>\n<p>\u2014 Skew \u0394 (@52kskew) <a href=\"https:\/\/twitter.com\/52kskew\/status\/1721876197213458710?ref_src=twsrc%5Etfw\">November 7, 2023<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Trader Daan Crypto Trades<a href=\"https:\/\/twitter.com\/DaanCrypto\/status\/1721929042570432601\"> \u043e\u0431\u0440\u0430\u0442\u0438\u043b \u0432\u043d\u0438\u043c\u0430\u043d\u0438\u0435<\/a> \u043d\u0430 \u00ab\u0438\u043d\u0442\u0435\u0440\u0435\u0441\u043d\u044b\u0439 \u0441\u0434\u0432\u0438\u0433\u00bb \u0432 \u0441\u0442\u0440\u0443\u043a\u0442\u0443\u0440\u0435 \u0440\u044b\u043d\u043a\u0430 \u0434\u0435\u0440\u0438\u0432\u0430\u0442\u0438\u0432\u043e\u0432 \u2014 \u043d\u0430 Binance \u0431\u043e\u043b\u044c\u0448\u0438\u043d\u0441\u0442\u0432\u043e \u043d\u0430\u0441\u0442\u0440\u043e\u0435\u043d\u043e \u043f\u043e-\u043c\u0435\u0434\u0432\u0435\u0436\u044c\u0438, \u0442\u043e\u0433\u0434\u0430 \u043a\u0430\u043a \u043d\u0430 Bybit \u043a\u043b\u0438\u0435\u043d\u0442\u044b \u043e\u0442\u043a\u0440\u044b\u0432\u0430\u044e\u0442 \u0431\u043e\u043b\u044c\u0448\u0435 \u0434\u043b\u0438\u043d\u043d\u044b\u0445 \u043f\u043e\u0437\u0438\u0446\u0438\u0439.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>\u00ab\u0411\u0443\u0434\u0435\u0442 \u043e\u0447\u0435\u043d\u044c \u0438\u043d\u0442\u0435\u0440\u0435\u0441\u043d\u043e \u043f\u043e\u0441\u043c\u043e\u0442\u0440\u0435\u0442\u044c, \u043a\u0430\u043a \u044d\u0442\u043e \u0440\u0430\u0437\u0440\u0435\u0448\u0438\u0442\u0441\u044f\u00bb<\/em>, \u2014 \u0437\u0430\u043a\u043b\u044e\u0447\u0438\u043b \u043e\u043d.<\/p>\n<\/blockquote>\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/1-814.webp\" alt=\"1-814\" class=\"wp-image-219596\"\/><figcaption class=\"wp-element-caption\">Data: X.<\/figcaption><\/figure>\n<\/div>\n<p>Analysts at Bitfinex<a href=\"https:\/\/u1f987.com\/en\/news\/bitfinex-bitcoin-price-supported-by-expectations-of-a-softer-fed-policy\"> explained<\/a> that bitcoin&#8217;s hold near $35 000 was driven by expectations of a softer Federal Reserve policy.<\/p>\n<p>Analysts at CoinShares also concluded similarly. They estimate that inflows into cryptocurrency investment products from 28 October to 3 November<a href=\"https:\/\/u1f987.com\/en\/news\/crypto-funds-attract-inflows-for-a-sixth-consecutive-week\"> amounted to $261 \u043c\u043b\u043d<\/a> after a record $326 million in the week prior.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Over the past 24 hours, open interest in Bitcoin futures rose sharply, creating conditions for further upside in the price of digital gold. Trader CredibleCrypto shared such observations.<\/p>\n","protected":false},"author":1,"featured_media":86747,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[480,1168,1145,1138],"class_list":["post-86746","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin-price","tag-crypto-derivatives","tag-market-analysis","tag-opinions"],"aioseo_notices":[],"amp_enabled":true,"views":"21","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/86746","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=86746"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/86746\/revisions"}],"predecessor-version":[{"id":86748,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/86746\/revisions\/86748"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/86747"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=86746"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=86746"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=86746"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}