XRP, SOL & ETH Face Bearish Barrage—Why Now?

In spite of Monday’s market rebound securing 5-6% gains for Bitcoin (BTC) & major-cap altcoins, the big-time crypto investors are back in bearish mode. According to LookOnChain, several heavy crypto players placed short-selling moves on Ethereum (ETH) at $4,030. Short-Sellers Capitalize On Ether’s Plunge Below $4K In one curious instance, a whale deposited 5.38 million Circle USD (USDC) to get a 20x short on 1,500 ETH, worth approximately $6 million. Another whale went even harder with a 25x short-selling position at the same Ether (ETH) price, but this whale is just as bearish on Solana (SOL), Ripple (XRP) &

Continue reading on DailyCoin.