What is a long squeeze?

A sharp price drop driven by forced selling: longs get liquidated, and their sell orders push the price lower.

It is the mirror image of a short squeeze. When the price falls, overleveraged longs hit their liquidation price and are closed with market sells, which pushes the price to the next cluster of longs.

Warning signs: a high positive funding rate, growing open interest and large long clusters just below the price.

On HyperScan

The HyperScan liquidation map shows how many longs would be liquidated at each price level below the current one.