According to the latest assessments shared by cryptocurrency analytics firm Santiment, the three altcoins have been regularly shorted by traders since early September.
According to analysts, these altcoins, listed as 1inch (1INCH), Tron (TRX) and Stellar (XLM), are among those that traders show the most interest in as short positions.
Santiment claimed in his statement that liquidations can occur when too many loaded trades are opened to cause an asset to fall, which can act as “rocket fuel” that will cause the price of the asset to rise.
According to Santiment, those who act against the skeptical crowd may emerge.
The cryptocurrency market continues its general downward trend, with the world's largest cryptocurrency, Bitcoin, losing 1.5% in value over the past week and trading at around $58,183 at the time of writing.
Tron, which is among the altcoins mentioned by Santiment, has been making a name for itself especially with its recent memecoin attack. Memecoin production platforms that have emerged on Tron have led to the launch of many new tokens.
*This is not investment advice.