Celsius Short Squeeze Breakdown & Analysis #CelsiusShortSqueeze $CEL

Celsius is a popular crypto investing platform that offers services such as lending and savings to retail investors.

Users deposit their tokens and in return receive yield as well as being able to pledge collateral and borrow more tokens.

Rumours started to circulate in regards to possible insolvency on the back of the collapse of LUNA & UST on the Terra blockchain in mid May. Since then a huge short position was built in the CEL token which contributed to the crash of the token and placed additional pressure on the company. The short position and subsequent drop resulted in many users on Celsius having their positions liquidated causing huge losses.

On June 12th Celsius paused all withdrawals from the platform basically holding users funds hostage. Community members recognised that there was the potential for a short squeeze on the CEL token and have embarked on a campaign to run the price of CEL up causing the shorts to exit their positions. It is a fascinating dynamic and can be instructive in understanding how markets work.

In this video I analyse the trade and try to decode what is happening and what might happen moving forward. I also invite Jade to join me and share her experience as a Celsius user as well as her perspective and involvement in the #CELShortSqueeze movement.

🔗 Useful Links 🔗

Nick Drakon Twitter 👉 https://twitter.com/NickDrakon
Defi Sparks Podcast Twitter 👉 https://twitter.com/DefiSparks
Defi Sparks Podcast 👉 https://www.defisparks.com/

Jade Twitter 👉 https://twitter.com/cryptoismyjam
Jade Article 👉 https://bit.ly/3xGdXZQ
Otis Twitter 👉 https://twitter.com/otisa502

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⏲ Time Stamps ⏲

0:00 - Intro
4:40 - Jade & Celsius Background
12:00 - Why Short Squeeze?
19:40 - Path to Helping Users
36:10 - Revenge Trade Analysis
1:00:00 - Comparisons with Game Stop GME
1:09:50 - Affect on User Funds?
1:18:55 - Save the Company? Celsius 2.0?

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📜 Disclaimer 📜

This video is for informational purposes only. Nothing contained shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial adviser or registered investment adviser. Trading cryptocurrencies poses considerable risk of loss.

#CELShortSqueeze #celsiusnetwork #celsius #nickdrakon #defisparks
#crypto #cryptoshorts #shortsqueeze #celtoken #cel #celsiusinsolvent