$PROM
Short Squeeze in Perpetual Markets: The influx of spot volume forces short sellers in futures markets to liquidate or cover their positions, adding rapid upward buying pressure.
Note: Exchanges like Upbit and Bithumb accounted for a massive portion of the aggregate volume following these announcements. Rapid pumps driven by new exchange listings often carry high volatility, so standard risk management is key.
Short Squeeze in Perpetual Markets: The influx of spot volume forces short sellers in futures markets to liquidate or cover their positions, adding rapid upward buying pressure.
Note: Exchanges like Upbit and Bithumb accounted for a massive portion of the aggregate volume following these announcements. Rapid pumps driven by new exchange listings often carry high volatility, so standard risk management is key.
