🚀📈 Hey there, Bitcoin enthusiasts! It's time to turn our attention to Cardano (ADA) and Ripple's XRP, two altcoins that have been experiencing heavy shorting after a brief respite. According to data from Santiment, the shorting vs. longing ratio for ADA and XRP has been dominant since September 2023 and May 2024 respectively. 📉🔍

But don't fret! Santiment believes this heavy shorting could be a positive sign for "patient bulls". 🐂💪 Cardano and XRP are notable altcoins seeing heavy shorting following relief bounces. This could act as 'rocket fuel' for continued price rises. 🚀💰

Cardano, in particular, is gearing up for a major milestone. The anticipated Chang hard fork could transition Cardano from a blockchain governed by its founding entity Input Output Global (IOG) to a fully decentralized and community-driven ecosystem. 🌐🔄

Meanwhile, XRP has noted minor spikes amidst a broader market downturn. The latest surge in open interest suggests that investors are anticipating a rise in the asset's price as they closely track the legal spat between blockchain firm Ripple and the US Securities and Exchange Commission (SEC). 📈⚖️

So, keep your eyes on these altcoins, folks! They might just surprise us all. 🎉👀