Bitcoin (BTC) ve XRPWhile the rise in ‘s has slowed down in the last few days, some investors are uneasy about this decline, while others expect a strong recovery.
An analyst evaluating the situation of Bitcoin and XRP XRPHe warned of a potential bloodbath in .
Pav Hundal, chief analyst of cryptocurrency exchange Swyftx, stated that if Bitcoin dominance continues to increase, XRP may decline and the majority of long positions in XRP may be liquidated.
“The real danger for XRP bulls, who are currently highly leveraged, is that Bitcoin dominance will rise again.
“A rotation from XRP to Bitcoin would likely lead to a long liquidation bloodbath.”
Stating that investors’ upward expectations increased after the incredible rise in XRP, the analyst said that investors continued to open long positions even as the XRP price fell.
Referring to CoinGlass data at this point, the analyst stated that XRP’s open interest (OI) reached $ 3.44 billion on December 5, noting that this figure is much higher than the $ 2 billion recorded during the price increase in April 2021.
The analyst last Bitcoin when he stabilized and his dominance fell XRP He added that he predicts that spot volumes and prices in altcoins may increase again.
*This is not investment advice.
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Source: https://www.bitcoinsistemi.com/analist-ripple-xrp-bogalarini-bekleyen-gercek-tehlikeyi-acikladi/
