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europa7

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europa7

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Thursday, 06/20/2024 3:00:54 PM

Thursday, June 20, 2024 3:00:54 PM

Post# of 36237
Cardano (ADA), Ripple (XRP) Targeted by Short Traders Amid Post-Relief Bounces
https://cryptopotato.com/cardano-ada-ripple-xrp-targeted-by-short-traders-amid-post-relief-bounces/

Heavy Shorting on ADA and XRP
"...According to the data shared by Santiment, the finding rates for both ADA and XRP on Binance have spiked into positive territory multiple times, indicating a dominant shorting vs. longing ratio since September 2023 for the former and May 2024 for the latter.

The recent upticks may have led traders to believe that a downtrend is likely, thereby prompting many to short the two altcoins.

However, Santiment believes this heavy shorting activity could be a positive signal for “patient bulls.”..."
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