- Santiment tweeted yesterday that traders are actively shorting cryptocurrencies.
- The firm predicted that this increased shorting activity may lead to a wave of liquidations soon.
- At press time, the cryptocurrency market cap stood at $1.107 trillion after it dropped 1.5% over the past 24 hours.
Santiment, the blockchain intelligence firm, revealed in a tweet yesterday that traders are shorting the cryptocurrency market as the market capitalizations of many digital assets continue to decline. Despite this, the firm predicted that the likelihood of liquidations against traders betting against the market will rise, which will be an overall bullish indication.