A short squeeze is a rapid move higher driven by bears abandoning their bearish bets. For a short squeeze to occur, the market needs to have a higher-than-usual bearish activity, as indicated by CRV’s deeply negative funding rates. In such situations, a minor price bump can send bears or short sellers running to square off their positions, which, in turn, drives prices further up.

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• Source: https://www.coindesk.com/markets/2023/08/01/curves-crv-token-hits-8-month-low-as-open-interest-jumps-to-100m/?utm_medium=referral&utm_source=rss&utm_campaign=headlines