$BURGER Short Squeeze Incoming? 🚀
The latest data from Coinglass shows a massive 106.87% increase in Open Interest and a significant 61.40% surge in trading volume. The long/short ratio (0.7979) indicates that short positions outweigh longs, signaling a potential imbalance.
What does this mean? A high open interest combined with an excess of shorts creates a perfect setup for a short squeeze. If bullish momentum pushes the price up, shorts will be forced to cover, triggering rapid buybacks and a potential price spike.
With liquidity drying up and short positions increasing, any sudden buying pressure could send $BURGER skyrocketing. Stay alert and manage your risk wisely!