Bitcoin And in altcoins On-chain analysis firm as ETF undergoes significant correction following approval centimetercontinues to attract attention with its analyses.
At this point finally Bitcoin Cash (BCH) and Loopring (LRC) Sharing his analysis, Santiment argued that these two altcoins could rise.
Santiment pointed out that many short positions were opened on Binance for BCH and LRC after the sharp declines in the market, and stated that this could be a bullish signal.
“Bitcoin Cash (BCH) and Loopring (LRC) are among the most shorted assets on Binance after the crypto market dropped heavily this week.
While BCH and LRC are already showing signs of rise, liquidating opened short positions can serve as fuel for future rises.”
📊 #BitcoinCash oath #Loopring are among the assets that are being shorted on #Binance after the #crypto Markets dropped heavily this week. They are already showing signs of bounces, and short #liquidations would only act as rocket fuel if markets recover. https://t.co/zXnFzq9ll1 pic.twitter.com/6qYIzxpt1z
— Santiment (@santimentfeed) January 24, 2024
*This is not investment advice.
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