Part 2/8:
According to the referenced article, over $30 million worth of Caspa short positions stand to be liquidated if the price hits $0.064. This sizeable short interest has traders attentively watching for a possible squeeze, which could lead to rapid price increases as short sellers cover their positions en masse. Historically, short squeezes occur when the market price rapidly moves against a large volume of shorts, forcing them to buy back the asset at higher prices to limit losses, which in turn fuels further price gains.