Santiment has explained that a couple of altcoins have significant FUD behind them, which could end up providing “rocket fuel” to their prices.
These Altcoins Are Being Shorted By Traders On Binance Currently
According to data from the on-chain analytics firm Santiment, Bitcoin Cash (BCH) and Loopring (LRC) are among the altcoins currently being bet against on the futures market.
Below is the chart shared by the analytics firm that shows the trend in the “funding rate” for these two assets on cryptocurrency exchange Binance over the past month:
The funding rate here refers to the periodic fee that futures contract holders on Binance are paying each other right now. From the chart, it’s apparent that the indicator has been negative for both of these altcoins recently.
Such values of the metric suggest the shorts are dominant on the platform, as they are the ones willing to pay a fee to hold onto their positions. This naturally means that there is FUD among traders around thes
We współpracy z: https://bitcoinist.com/altcoins-ready-rocket-santiment/
