Liquidations May Loom as Altcoin Bulls Hold Despite Shorts Spiking

[Nikko]

Liquidations May Loom as Altcoin Bulls Hold Despite Shorts Spiking

Many altcoin bulls are holding longs in spite of yesterday’s sudden down-turn in the Bitcoin markets. However, altcoin shorts are quickly rising too.
Despite yesterday’s 8% crash in the price of Bitcoin (BTC) driving many BTC bulls from the markets, altcoin longs have only seen slight declines, with Ether (ETH) longs defying the trend with a slight rally test recent all-time highs on Bitfinex.

However, altcoin bears are quickly emerging from the woods, with shorts against many top altcoins piling up quickly amid Bitcoin’s recent drop.

With many altcoin bulls holding on despite the increase in shorts, numerous leading crypto assets could see a surge in liquidations regardless of what direction the markets ultimately take.

Readmore: https://cointelegraph.com/news/liquidations-may-loom-as-altcoin-bulls-hold-despite-shorts-spiking