Two altcoins on Binance, the world’s largest cryptocurrency exchange, attracted attention with their negative funding rates.
By on-chain analysis platform Santiment transmitted according to information Bitcoin Cash (BCH) And Loopring (LRC) in recent days with negative funding rates came forward.
v on Binancemonetary transaction data negative funding rates on which investors are based BCH And LRC large amount on carries a short position revealed.
Santiment, these assets that hosted the most short positions during the recent declines showing signs of bouncing While pointing out this in a possible market reversal Short transactions can turn into fuel that will accelerate the rise reminded:
BitcoinCash and Loopring are among the assets that have been shorted on Binance after crypto markets fell heavily this week. They are already showing signs of rebounding, and if the market begins to recover, short liquidations will likely act as rocket fuel.
According to CoinGecko data, BCH has decreased in the last 24 hours. 0.3% with rise from $236LRC if 1.17% with decline from $0.23 is being traded.
