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

在 2024年7月25日發表的其他文章

Crypto: Globees is Revolutionizing Eco-Friendly Vacation Rentals

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

Top 5 PolitiFi tokens to watch amidst US Elections

Cryptocurrency Update from MASAK!

Ethereum Spot ETFs Debut in U.S. Exchanges, Supported by Major Issuers

訂閱免費電子報，每天收取加密貨幣最新動態！