Cardano (ADA) Set for Potential Surge Amid High Short Interest and Negative Funding Rates
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Altcoin investors should be vigilant as cryptocurrencies like Cardano (ADA), Chiliz (CHZ), and Fantom (FTM) are experiencing high short interest and negative funding rates. This scenario is seen as a potential indicator for a price surge. When exchange funding rates dip below zero, it often suggests over-leveraged short positions, which could lead to a short squeeze and subsequent price increase.
Source: en.coinotag.com ↗
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