An analytics firm has identified three altcoins on Binance that are witnessing a surge in bearish bets, hinting at a potential price rebound.<\/p>\n
Santiment, an on-chain analytics firm, shared insights on the Binance Funding Rate for several altcoins, shedding light on market dynamics.<\/p>\n
The Funding Rate tracks the fees exchanged between traders on derivatives exchanges like Binance. A positive rate indicates a bullish sentiment, with long contracts paying a premium to short investors. Conversely, a negative rate suggests bearish sentiment.<\/p>\n
The Binance Funding Rate for 1inch Network (1INCH), Tron (TRX), and Stellar (XLM) has been consistently negative, reflecting increased shorting activity.<\/p>\n
This trend may lead to liquidations, acting as “rocket fuel” for price surges, especially if leveraged positions are involved.<\/p>\n
Tron, the largest among the three altcoins, observed a bearish week amid a broader cryptocurrency market downturn. However, TRX has shown resilience over the month, outperforming Bitcoin with an 18% surge.<\/p>\n
Tron’s price chart illustrates its recent performance amidst the evolving market conditions.<\/p>\n","protected":false},"excerpt":{"rendered":"
An analytics firm has identified three altcoins on Binance that are witnessing a surge in bearish bets, hinting at a potential price rebound. Tron, Stellar, and 1inch Witness Negative Funding Rates Santiment, an on-chain analytics firm, shared insights on the Binance Funding Rate for several altcoins, shedding light on market dynamics. The Funding Rate tracks […]<\/p>\n","protected":false},"author":1,"featured_media":18755,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"slim_seo":{"title":"Altcoins Experience Increased Shorting Activity on Binance: Potential Catalyst for Price Surge? - Bitrabo","description":"An analytics firm has identified three altcoins on Binance that are witnessing a surge in bearish bets, hinting at a potential price rebound. Tron, Stellar, and"},"footnotes":""},"categories":[316],"tags":[6396,508,347,1327,467,5140,5535,8160,8159,539,976],"class_list":["post-18754","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","tag-aggressively","tag-altcoins","tag-binance","tag-fuel","tag-price","tag-price-surge","tag-rocket","tag-rocket-fuel","tag-shorting","tag-surge","tag-traders"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/18754","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/comments?post=18754"}],"version-history":[{"count":0,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/18754\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/media\/18755"}],"wp:attachment":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/media?parent=18754"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/categories?post=18754"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/tags?post=18754"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}