Celsius day traders punish bears by refusing to sell the CEL.
, the native token of Celsius Network, has almost quadrupled since June 19 in what appears to be a frenzy stirred up by day traders.CEL's price rose from $0.67 on June 19 to $1.59 on June 21, a 180% spike compared to the crypto market's 12.37% rise in the same period.a $20 million bounty for anyone who could prove that the Celsius Network suffered a coordinated attack at the hands of a third party, which prompted the crypto lending firm to suspend withdrawals last week.
The hashtag was trending higher in the U.S. on Twitter. Meanwhile, internet queries for the keyword,"CEL short squeeze" also reached a perfect score of 100 between June 12 and June 18, according to data tracked by Google Trends.The"trending" hashtag and keyword hint that day traders bought CEL tokens en masse, thus pushing its price upward.
Thus, investors who were"short," i.e., those who borrowed and sold the token in anticipations of buying it back at a lower price, had to purchase back at a higher price instead to"cover" their bearish positions.this actually might become the trade of the year. Shorters got REKT big time...
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Celsius recovery plan proposed amid community-led short-squeeze attemptOnline investment platform BnkToTheFuture has outlined a recovery plan for Celsius that would bear similarity to how it assisted Bitfinex following its 2016 hack. Meanwhile, the community is gathering under a CELShortSqueeze movement.
Consulte Mais informação »
Oakland A’s Jonah Bride makes splash through first week in big leaguesJonah Bride: “It was cool to get called up but at the same time I feel like I belong here,”
Consulte Mais informação »
Crypto Lending Firm Celsius Asks Users for More Time to Fix Issues After Halting WithdrawalsCelsius halted withdrawals for customers last week due to “extreme market conditions.”
Consulte Mais informação »
Russia Is Squeezing Europe's Gas Supplies, Sparking a Bitter and Reluctant Return to CoalGermany, Italy, Austria and the Netherlands have all indicated that coal-fired plants could be used to compensate for a cut in Russian gas supplies.
Consulte Mais informação »
Celsius says it’s determined to find a resolution a week after halting withdrawalsThe crypto lending firm froze withdrawals and paused transfers between accounts on June 12, citing 'extreme market conditions.'
Consulte Mais informação »