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RIVER (RIVER) fluctuated 46.3% in 24 hours: Short squeeze pump followed by profit-taking dominates

RIVER (RIVER) fluctuated 46.3% in 24 hours: Short squeeze pump followed by profit-taking dominates

Bitget PulseBitget Pulse2026/03/20 14:54
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By:Bitget Pulse

Volatility Overview

RIVER experienced significant price fluctuations over the past 24 hours, reaching a high of $25.77 and a low of $17.81. The current price is $22.22, posting a net gain of 12.56% and an amplitude of 46.3%. 24-hour trading volume reached $66.19 million, with a market cap of approximately $436 million, a slight decrease from the $512 million market cap on March 19.

Brief Analysis of the Anomalies

- The initial pump was mainly driven by short liquidations, totaling $3.32 million in 24 hours ($2.78 million shorts, only $538,000 longs), triggering a short squeeze that pushed prices up from the lows.

- This was followed by a rapid 32.3% drop (from $27.67 to $18.25), with trading volume surging to $46.2 million (accounting for 12.9% of market cap). On-chain data shows high turnover rates or panic selling, combined with overhang pressure from the 80.4% of tokens still locked and not in circulation.

- No official announcements or major news, but the upcoming $27 million token unlock by the Foundation on March 22 could further exacerbate sell pressure.

Market Views and Outlook

The community sentiment is divided; some consider the lows a “classic dip buy” opportunity (strong low formation, structural breakout confirmation), but mainstream concern focuses on a potential retracement to the demand zone if FVG is rejected, as well as risks of unlock-induced selling pressure. Analysts suggest a short-term downside test of support, urging caution regarding leverage overheating and supply-side events.

Note: This analysis is auto-generated by AI based on public data and on-chain monitoring, and is for informational reference only.
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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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