Rocket

Cryptocurrency

Ignite

Cryptocurrency analysis company Santiment shared in its statement that some altcoins have extra short position exposure.
Analysts said that attention should be paid to altcoins that are shorted by other cryptocurrency traders. According to Santiment's statement, funding rates on major cryptocurrency exchanges are in the negative zone at high levels, and this especially affects the altcoins Chiliz (CHZ), Fantom (FTM) and Cardano (ADA). According to analysts, a liquidation that may occur in short positions may cause a pump to be watched.
Related News: <a href="https://en.bitcoinsistemi.com/breaking-coinbase-futures-decides-to-list-3-new-major-altcoins/" target="_blank" rel="noopener noreferrer nofollow">BREAKING: Coinbase Futures Decides to List 3 New Major Altcoins</a>
On the other hand, touching on the detection of a follower, Santiment analysts explained that in addition to the three altcoins in question, there is a similar picture for UniSwap (UNI).
According to Santiment, Chiliz, Fantom, and Cardano have been continuously “short”d by traders for the past five weeks. According to analysts, when these positions are liquidated, they can act as “rocket fuel” for prices.
On the other hand, the cryptocurrency market experienced a sudden decline during the day today, and the major decline in the US stock markets is held responsible for the decline.
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/santiment-names-4-altcoins-they-are-under-intense-short-liquidations-could-ignite-prices-like-rocket-fuel/" rel="noopener noreferrer nofollow">Santiment Names 4 Altcoins: “They Are Under Intense Short, Liquidations Could Ignite Prices Like Rocket Fuel”</a>

Santiment Names 4 Altcoins: “They Are Under Intense Short, Liquidations Could Ignite Prices Like Rocket Fuel”

Bitcoin Sistemi EN

Alte articole publicate pe 25 iul. 2024

Evaluating IoTeX’s DePIN Network: What Investors searching for the Best Altcoin to Buy in 2024 Sh...

XLM Sees Potential Price Drop

Crypto: Globees is Revolutionizing Eco-Friendly Vacation Rentals

Concord announces decision to have no battle pass

INTMAX Announces Latin America’s Prominent Web3 Builders to Lead the Development of Plasma Free, ...

Bitwise Announces 10% Donation of Ethereum ETF Profits to Open-Source Developers

Join our free newsletter for daily crypto updates!