{"id":574157,"date":"2022-08-10T13:21:03","date_gmt":"2022-08-10T12:21:03","guid":{"rendered":"https:\/\/en.ethereumworldnews.com\/?p=574157"},"modified":"2022-08-10T13:21:11","modified_gmt":"2022-08-10T12:21:11","slug":"celsius-cel-short-squeeze","status":"publish","type":"post","link":"https:\/\/en.ethereumworldnews.com\/celsius-cel-short-squeeze\/","title":{"rendered":"A Twitter-Driven Short Squeeze Propels Celsius\u2019 CEL Token"},"content":{"rendered":"\n<ul><li>CEL holders are attempting to fight off short positions and pull off a short squeeze.<\/li><li>The token has rallied to $1.89 at the publishing, spiking noticeably over the past few days.<\/li><li>A Canadian regulator is also reportedly investigating the company.<\/li><\/ul>\n\n\n\n<p>There is more drama ensuing regarding Celsius Network as holders are fighting against short positions. At the same time, Canadian regulators have also announced a probe into the bankrupt lending platform.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">what <a href=\"https:\/\/twitter.com\/hashtag\/CelShortSqueeze?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">#CelShortSqueeze<\/a> teaches you is never to go against a community led movement. The probability of snowballing is huge if not almost certain.<\/p>&mdash; Midas (@____Midas_____) <a href=\"https:\/\/twitter.com\/____Midas_____\/status\/1556894794575917062?ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">August 9, 2022<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>Celsius community members have banded together to fend off these positions, taking to Twitter and other social media platforms to push their cause. The hashtag CelShortSqueeze has been flooding crypto circles on Twitter, and these individuals are celebrating their long positions and calling for others to join.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">Good Morning <a href=\"https:\/\/twitter.com\/hashtag\/CelShortSqueeze?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">#CelShortSqueeze<\/a> Gang \ud83c\udf1e\u2615\ufe0f<br><br>Are you guys buying <a href=\"https:\/\/twitter.com\/search?q=%24CEL&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">$CEL<\/a> and making money?! <a href=\"https:\/\/t.co\/XQjqOGCUsb\" rel=\"nofollow\">https:\/\/t.co\/XQjqOGCUsb<\/a> <a href=\"https:\/\/t.co\/zYJJAMzaYQ\" rel=\"nofollow\">pic.twitter.com\/zYJJAMzaYQ<\/a><\/p>&mdash; WSB Crypto Mod \ud83d\ude80\ud83d\ude80\ud83d\ude80 (@traderrocko) <a href=\"https:\/\/twitter.com\/traderrocko\/status\/1556559989157888000?ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">August 8, 2022<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>The CEL token has obviously been tanking since the announcement of the bankruptcy. The token began its drop in June, but in the past 24 hours, the token has risen by 2.59% to $1.89. The short squeeze appears to have come into effect in the past few days, reaching nearly $2 at one point.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img width=\"1024\" height=\"564\" src=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/08\/CEL-price-1024x564.png\" alt=\"CEL token price\" class=\"wp-image-574158\" srcset=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/08\/CEL-price-1024x564.png 1024w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/08\/CEL-price-300x165.png 300w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/08\/CEL-price-770x424.png 770w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/08\/CEL-price-269x148.png 269w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/08\/CEL-price-746x411.png 746w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/08\/CEL-price.png 1211w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" title=\"\"><figcaption>CEL Price: <a href=\"https:\/\/www.tradingview.com\/chart\/?symbol=BINGX%3ACELUSDT\" target=\"_blank\" rel=\"noreferrer noopener\">TradingView<\/a><\/figcaption><\/figure><\/div>\n\n\n<p>It\u2019s unclear if the token can rally purely based on a community-led movement. Tokens have spiked in price on a short burst of community zeal many times before. However, this is a unique case, given the great fall of a former crypto giant and the shock it has generated.<\/p>\n\n\n\n<p>On top of those challenges that the short squeezers are facing in their bid to rally, a Canadian regulator is also <a href=\"https:\/\/financialpost.com\/fp-finance\/cryptocurrency\/canadian-watchdogs-join-probe-of-celsius-multi-billion-dollar-collapse-sources-say\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">conducting a probe<\/a> into the Celsius Network. Quebec\u2019s Autorit\u00e9 des march\u00e9s financiers (AMF) has reportedly been looking into the company since mid-June and is working with regulators in the United States on the matter.<\/p>\n\n\n\n<p>The probe is partly motivated by the fact that Quebec\u2019s largest pension manager, the Caisse de d\u00e9p\u00f4t et placement du Qu\u00e9bec, has invested $150 million in Celsius. Reportedly, the Ontario Securities Commission is also examining the collapse.<\/p>\n\n\n\n<h2>Whatever the Price of CEL, Celsius Still in Hot Water<\/h2>\n\n\n\n<p>While CEL holders may be trying to pull a short squeeze, that won\u2019t help Celsius as it battles through its bankruptcy proceedings. Not many days go by without some development \u2014 and the recent CEL surge also saw a <a href=\"https:\/\/en.ethereumworldnews.com\/wallet-connected-to-celsius-ceo-alex-mashinsky-cashed-out-cel-during-tokens-recent-surge\/\" target=\"_blank\" rel=\"noreferrer noopener\">wallet connected<\/a> to CEO Alex Mashinsky cash out CEL while it was happening.<\/p>\n\n\n\n<p>The Celsius Creditor Committee is also <a href=\"https:\/\/en.ethereumworldnews.com\/celsius-creditor-committee-misconduct\/\" target=\"_blank\" rel=\"noreferrer noopener\">investigating<\/a> if any insider misconduct has occurred at the company. In the official statement, the committee singled out Mashinsky, and it has hired a law firm and other agencies to help with the process.<\/p>\n\n\n\n<p>Meanwhile, Celsius has withdrawn its motion to hire its former CFO back. The company had filed the motion late last month, seeking to use his expertise to help with the bankruptcy proceedings.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>CEL holders are attempting to fight off short positions and pull off a short squeeze. The token has rallied to $1.89 at the publishing, spiking noticeably over the past few days. A Canadian regulator is also reportedly investigating the company. There is more drama ensuing regarding Celsius Network as holders are fighting against short positions. At the same time, Canadian regulators have also announced a probe into the bankrupt lending platform. Celsius community members have banded together to fend off [&hellip;]<\/p>\n","protected":false},"author":52,"featured_media":573234,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[947,2],"tags":[7345,48,83,108653],"_links":{"self":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/574157"}],"collection":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/users\/52"}],"replies":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/comments?post=574157"}],"version-history":[{"count":1,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/574157\/revisions"}],"predecessor-version":[{"id":574159,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/574157\/revisions\/574159"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/media\/573234"}],"wp:attachment":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/media?parent=574157"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/categories?post=574157"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/tags?post=574157"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}