Santiment has informed its 188,000 followers on social media platform X that lending platform #Aave , Decentraland metaversion project (MANA) and Graph Indexing Protocol (GRT) have discovered large short positions on #Binance , the world's largest #cryptocurrency exchange.
An imbalance in short selling can often lead to quick, volatile upward spikes that liquidate short positions as a short squeeze or in a cascading manner.
Depending on emotions,
#altcoins worth paying attention to as the cryptocurrency continues to experience strong growth include Decentraland, Graph, and Aave. All of these Top 100 cryptocurrencies have quite a few short positions on Binance, which means liquidation will lead to big price spikes
However, Santiment also reported that the number of whale trades has dropped significantly since the middle of last month, indicating that the big players are in no hurry to make the next move.
This is not necessarily a bearish signal. Whales can be equally active in both bull and bear markets. But it does show that the big players continue to wait for hours, waiting for the next move in the face of extreme crowd greed or intense fear.
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