Coin

<ul class="news-points"> 
 <li><strong>Santiment tweeted yesterday that traders are actively shorting cryptocurrencies.</strong></li> 
 <li><strong>The firm predicted that this increased shorting activity may lead to a wave of liquidations soon.</strong></li> 
 <li><strong>At press time, the cryptocurrency market cap stood at $1.107 trillion after it dropped 1.5% over the past 24 hours.</strong></li> 
</ul> 
<p>Santiment, the blockchain intelligence firm, revealed in a tweet yesterday that traders are shorting the cryptocurrency market as the market capitalizations of many digital assets continue to decline. Despite this, the firm predicted that the likelihood of liquidations against traders betting against the market will rise, which will be an overall bullish indication.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f9d0.png" alt="🧐" class="wp-smiley" style="height: 1em; max-height: 1em;"> Traders are shorting now as <a href="https://twitter.com/hashtag/crypto?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#crypto</a> market caps continue their downturn. When the crowd begins to bet against markets, it increases the likelihood of <a href="https://twitter.com/hashtag/liquidations?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#liquidations</a>, causing prices to rise. For many <a href="https://twitter.com/hashtag/bullish?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#bullish</a> investors out there, this is the signal that many are waiting for. <a href="https://t.co/JiKqUBruMn" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/JiKqUBruMn</a></p>— Santiment (@santimentfeed) <a href="https://twitter.com/santimentfeed/status/1691919694062862531?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">August 16, 2023</a> 
  </blockquote> 
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div> 
</figure> 
<p>According to the post, the current short funding rates in the market indicate a high level of fear, uncertainty, and doubt (FUD), which increases the chances of p…</p> 
<p>The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/increased-shorting-activity-may-soon-lead-to-liquidations-report/">Increased Shorting Activity May Soon Lead To Liquidations: Report</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.</p>

Increased Shorting Activity May Soon Lead To Liquidations: Report

Coin Edition

Other articles published on Aug 17, 2023

Crypto Market analysis: XRP, Tron, and Pomerdoge

Fuse CEO Mark Smargon says blockchain payments apps will rival Visa, not Ethereum

Quest for the Perfect Blockchain: Cardano Foundation Executive Debunks its Existence

Elon Musk’s Decisions May Negatively Affect the crypto market

VeChain (VET) Price Down 1.92%, Tech Update Highlights VORJ and NFT Minting

US medical institutions will receive a blockchain application for recording patient medical histo...

Join our free newsletter for daily crypto updates!