Krypto para analysis company Santiment said in a statement that some altcoins He shared that he has extra short exposure.
Analysts said that altcoins that are shorted by other cryptocurrency traders should be watched out for. According to Santiment’s statement, funding rates on major cryptocurrency exchanges are in negative territory at high levels, which is especially Chiliz (CHZ), Fantom (FTM) ve Cardano (ADA) It affects altcoins. According to analysts, a liquidation that may occur in short positions may cause a pump to be monitored.
On the other hand, Santiment analysts, also referring to the observation of one of their followers, explained that in addition to the three altcoins in question, a similar picture also applies to UniSwap (UNI).
According to Santiment, Chiliz, Fantom, and Cardano have been “shorted” by traders consistently over the past five weeks. These positions could act as “rocket fuel” for prices once they are liquidated, analysts say.
On the other hand, the cryptocurrency market experienced a sudden decline during the day today, and the decline is blamed on the major decline in the US stock markets.
*This is not investment advice.
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Source: https://www.bitcoinsistemi.com/santiment-4-altcoin-ismi-verdi-yogun-short-altindalar-likidasyon-olursa-roket-yakiti-ateslenebilir/
