Polkadot faces challenges as traders take bearish stance despite price surge.

The percentage of short positions rose from 49% to 55% in recent days

This indicates a substantial number of traders anticipating a decline in DOT's price

Polkadot's price has shown upward momentum in the past weeks, however, a considerable number of traders have taken a bearish stance on the altcoin.

According to Cryptoexpert@Ksrawat analysis of Coinglass' data, there has been a significant increase in short positions against DOT. The percentage of short positions rose from 49% to 55% in recent days, indicating a substantial number of traders anticipating a decline in DOT's price.

The network also experienced a decrease in Weighted Sentiment, signifying a rise in negative comments about DOT compared to positive ones. This shift in sentiment could be a crucial factor influencing the future price trajectory of Polkadot.

However, a tweet from Polkadot Insider on 3 December revealed significant developments within the Polkadot system, including the upcoming launch of Polimec. This, coupled with other collaborations such as the introduction of Parallel Finance, could potentially boost public sentiment and counter the declining metrics associated with DOT. 

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