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The Latest on the Ongoing Celsius Network Debacle; Short Squeeze Still an Option? – crypto.news

There are good reasons why Celsius Network has been labeled as the crypto market’s disaster.
Celsius Network Custody Hire a Lawyer to Recover $180MCustomers of Celsius Network, the insolvent trading and lending company, who had cryptocurrencies in custody accounts have united to hire attorneys in an effort to recover their funds.
Celsius Short SqueezeConcerns and attention have been drawn to the proceedings’ impact on CEL, Celsius’ native token, and its potential long-term growth.
The community had previously tried a similar short squeeze operation, which considerably increased the pricing by 100%.
The term “short squeeze” describes increasing intense buying pressure to get rid of the shorts, which is rather prevalent in today’s market.

Disclaimer: This story is auto-aggregated & summarized by a computer program and has not been created by TokenAround.

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