An uneasy sentiment looms overhead for all cryptocurrency markets. This past week’s massive dip has shifted the “long vs short” margin positions quite a bit. With the weekend upon us, now is a good time to see how speculators envision the future price movements of all top currencies. The following currencies are ranked by ascending order of long positions compared to short positions.
It may seem a bit unusual to see so many people hedge against Monero as of right now. The privacy- and anonymity-oriented cryptocurrency has shown some positive signs of life during Bitcoin’s recent market dip. Even so, speculators are massively opening shorts on XMR as of right now. With nearly 65,000 XMR funding short positions, compared to 25,623 XMR for long positions, it seems to be a matter of time until the XMR price decides to take another dip.