Investors increased their bearish bets on prominent cryptocurrencies such as XRP and Cardano Wednesday, raising the prospect of gains in the event of liquidation.
What Happened: According to on-chain analytics firm Santiment, XRP and Cardano witnessed heavy shorting following a temporary bounce due to the SEC’s decision to withdraw the security probe into Ethereum (CRYPTO: ETH).
That said, traders didn’t find confidence in the relief rally, with most preferring to short the two altcoins.
Full story available on Benzinga.com
Investors increased their bearish bets on prominent cryptocurrencies such as XRP and Cardano Wednesday, raising the prospect of gains in the event of liquidation.
What Happened: According to on-chain analytics firm Santiment, XRP and Cardano witnessed heavy shorting following a temporary bounce due to the SEC’s decision to withdraw the security probe into Ethereum (CRYPTO: ETH).
That said, traders didn’t find confidence in the relief rally, with most preferring to short the two altcoins.
Full story available on Benzinga.com
 Investors increased their bearish bets on prominent cryptocurrencies such as XRP and Cardano Wednesday, raising the prospect of gains in the event of liquidation.
What Happened: According to on-chain analytics firm Santiment, XRP and Cardano witnessed heavy shorting following a temporary bounce due to the SEC’s decision to withdraw the security probe into Ethereum (CRYPTO: ETH).
That said, traders didn’t find confidence in the relief rally, with most preferring to short the two altcoins.
📈 Cardano and XRP are a couple of the most notable altcoins that are seeing heavy trader shorting following relief bounces. This is a good sign for patient bulls, …Full story available on Benzinga.com   Read More$ADA, $ETH, $XRP, ADA, cardano, Cryptocurrency, ETH, News, Short Sellers, XRP, Markets, ETH, $ETH, $XRP, $ADA, News, Cryptocurrency, Markets, Benzinga Markets
