cryptocurrency Analysts from analysis company Santiment drew attention to two coins in the altcoin market in their latest post.
According to analysts Bitcoin Cash (BCH) And Axie Infinity (AXS), They stand out as one of the few altcoins where short positions were significantly higher than long positions this weekend. According to Santiment, the cryptocurrency market seems confident about a general rise, but these two altcoins are exceptions to this attitude.
According to analysts, due to the high short levels in these two altcoins, if these coins show even a slight upward sign, a short liquidation may occur and serve as “rocket fuel” for the price. Analysts claim that in this case, there may be an increase in the market value of these two altcoins.
However, in their previous analyses, Santiment analysts Bitcoin, Ethereum, XRP And Cardano He claimed that there was a positive perspective in the market towards cryptocurrencies with large market value such as. They argued that this situation was ignored by the market, especially for Cardano.
*This is not investment advice.
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