Short Sellers Fuel Potential Price Spikes for MANA, GRT, and AAVE
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- MANA, GRT, and AAVE accumulated significant short positions, potentially setting the stage for further price gains.
- Funding rate data reveals that most traders are betting against these assets.
- Aave increased by 12.5% over the past week, with a 55% growth over 30 days.
As the recovery rally in the cryptocurrency markets lingers, attention is drawn to Decentraland (MANA), The Graph (GRT), and Aave (AAVE). Data from Santiment shows significant short positions on Binance for these three top 100 assets, potentially setting the stage for price spikes driven by short liquidations.
Funding rate data reveals that the majority of traders are betting against these assets, pushing them into what Santiment identifies as “Heavy Trader Short Territory.”
Why High Short Positions Could Lead to Further Gains
Currently, MANA, GRT, and AAVE are seeing negative funding rates of 0.0184%, 0.0141%, and 0.0212%. Negative funding rates indicate that those holding short positions are paying fees to maintain their stance, suggesting a bearish sentiment.
However, this sets the scene for a possible short squeeze—a scenario where rising prices force short sellers to buy ba…
The post Short Sellers Fuel Potential Price Spikes for MANA, GRT, and AAVE appeared first on Coin Edition.
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$ 0.0111
-1.26%
$ 0.0962
-1.86%
$ 0.00...361
$ 0.00085
$ 0.0000256
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In This News
Coins
$ 0.0111
-1.26%$ 0.0962
-1.86%$ 0.00...361
$ 0.00085
$ 0.0000256
Share:
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Short Sellers Fuel Potential Price Spikes for MANA, GRT, and AAVE
Share:
- MANA, GRT, and AAVE accumulated significant short positions, potentially setting the stage for further price gains.
- Funding rate data reveals that most traders are betting against these assets.
- Aave increased by 12.5% over the past week, with a 55% growth over 30 days.
As the recovery rally in the cryptocurrency markets lingers, attention is drawn to Decentraland (MANA), The Graph (GRT), and Aave (AAVE). Data from Santiment shows significant short positions on Binance for these three top 100 assets, potentially setting the stage for price spikes driven by short liquidations.
Funding rate data reveals that the majority of traders are betting against these assets, pushing them into what Santiment identifies as “Heavy Trader Short Territory.”
Why High Short Positions Could Lead to Further Gains
Currently, MANA, GRT, and AAVE are seeing negative funding rates of 0.0184%, 0.0141%, and 0.0212%. Negative funding rates indicate that those holding short positions are paying fees to maintain their stance, suggesting a bearish sentiment.
However, this sets the scene for a possible short squeeze—a scenario where rising prices force short sellers to buy ba…
The post Short Sellers Fuel Potential Price Spikes for MANA, GRT, and AAVE appeared first on Coin Edition.
In This News
Coins
$ 0.0111
-1.26%$ 0.0962
-1.86%$ 0.00...361
$ 0.00085
$ 0.0000256
Share:
In This News
Coins
$ 0.0111
-1.26%$ 0.0962
-1.86%$ 0.00...361
$ 0.00085
$ 0.0000256
Share:
Read More
Aave Becomes First Lending Protocol to Cross $1 Billion in RWAs