Crypto experts at Santiment are keeping a close eye on three altcoins: Aave, Decentraland, and The Graph. They’re seeing a lot of short positions on Binance, which could lead to a sudden price jump.
Short Squeeze Potential
Santiment says that these altcoins have a high “short ratio” on Binance, meaning there are a lot of traders betting on their price to go down. If the price starts to go up, these traders will be forced to buy back their positions, potentially driving the price even higher. This is known as a “short squeeze.”
Whale Watch
While these altcoins are looking promising, Santiment also notes that big-money players (whales) have been less active lately. This could mean they’re waiting for the right time to make their move.
Crowd Psychology
Santiment says that the crypto market is very sensitive to price swings right now. If Bitcoin goes back up to $70,000, there could be a lot of fear of missing out (FOMO). On the other hand, if it drops to $45,000, there could be a lot of fear, uncertainty, and doubt (FUD).
Disclaimer: This information is for educational purposes only and should not be considered investment advice. Always do your own research before making any investment decisions.
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