The cryptosphere is yet to embark on a voyage to the moon. As digital assets from the market have been lacking the zeal to hop onto the bulls. The industry is in dire need of bullish catalysts that could honk the bears from being the barriers. In the interim, several altcoins have been witnessing a spike in leveraged short positions, liquidations of which could ignite the bulls.
In succession to this, traders are up with their radars on capable alts for quicker and healthier returns. While the quest for high-yielding assets is never-ending, the hunt for an appropriate one in an ocean of coins becomes arduous. As the industry has spread its wings to diverse sectors.
Are These The Altcoins For An Alt Season?
According to substantial sources, there is a notable spike in leveraged short positions across different crypto assets presently. The firm mentions that the average exchange funding rates are negative for altcoins such as ANKR, XEM, SIA, XMR, AXS, DGB, and BNB. The short positions if liquidated can lead to major price spikes.
Source: https://coinpedia.org/altcoin/xmr-axs-bnb-primed-for-a-v-shaped-rebound/