$BSV hits the top 5 of the cryptocurrency market as traders await yet another short squeeze
, BSV comes out on top, but thanks to the potential short squeeze, BSV's price performance might bring us even more surprises in the future.According to exchange data, BSV remains one of the most shorted assets on the market, with almost all traders executing short orders, which is not surprising considering BSV's performance on the market throughout the year. The coin lost around 70% of its value during the bear market and made no long-term reversal attempts.
However, an unhealthy extent of short orders on the market can sometimes be considered a favorable factor for an asset, especially if it does not have deep liquidity. Whenever a large buying volume occurs and drags the spot price of an asset to a certain price threshold, the liquidation cascade for short orders begins, which usually causes an extreme volatility spikeBack in November, BSV already experienced a strong short squeeze that pushed the asset's value to $67 in a matter of hours.
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