<ul data-eligibleForWebStory="true"><li>Over 70% of altcoins are showing a long bias, indicating heavy bullish bets.</li><li>This trend could lead to market correction by balancing out with overextended positions.</li><li>A sentiment flip may occur, where longs are liquidated, sparking renewed short interest and potentially causing short squeezes.</li><li>The long/short ratio greater than 1 shows more traders betting on price increases.</li><li>Positions are spread across large to small-cap altcoins based on the market cap rank.</li><li>Color coding based on RSI indicates whether an altcoin is overbought or oversold.</li><li>The high percentage of long-biased traders suggests crowding and risk of liquidations, but can be constructive for rapid market rebalancing and upside volatility.</li><li>Traders should watch for long liquidations as potential triggers for a squeeze.</li><li>Being alert to shifting positioning metrics could lead to breakout opportunities in the market.</li></ul>

Over 70% of Altcoins Show Long Bias—Could a Short Squeeze Be Next?

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