In the recent period, the cryptocurrency market has witnessed a consistent downward trajectory in its market cap, driven by mounting fear and uncertainty.
In response to this prevailing sentiment, traders are seizing the opportunity to short their positions, capitalizing on the ongoing downturn, behavior analytics platform Santiment noted on August 16.
This shift toward bearish sentiment has sparked a chain reaction. Notably, when investors start to bet against the market, it escalates the possibility of liquidations, subsequently leading to a surge in prices, Santiment explained.
“When the crowd begins to bet against markets, it increases the likelihood of #liquidations, causing prices to rise.”
– Santiment wrote.
According to Santiment, the shorting of cryptocurrencies represents a long-awaited signal for bullish investors who are hoping that the market might be poised for a turnaround.
Short squeeze alert?
Santiment’s chart reveals increased shorting activity in several well
We współpracy z: https://finbold.com/crypto-short-squeeze-alert-traders-are-now-shorting-these-coins/
