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💸 Smart Money, Big Trouble: $12.48M in Unrealized Losses on Altcoin Shorts

According to Foresight News, a well-tracked smart money wallet (flagged by @ai_9684xtpa) is staring down $12.48 million in unrealized losses after aggressively shorting a basket of altcoins.

🔍 The address initially deployed $2.82M in capital, using past gains — around 14.81M USDT in earnings — to fuel its bearish bets.

But the market had other plans.
As altcoins ripped higher over the past week, those leveraged shorts plunged into deep red, flipping what looked like a calculated hedge into a costly misstep.

📉 Smart money isn’t always right — especially in an irrational rally.

#Altcoins #CryptoMarket #SmartMoney #ShortSqueeze #CryptoNews #forward $BNB
esightNews

The cryptocurrency market has been filled with ups and downs recently, and for XRP holders, May 21st could be an important day to watch. Many are asking - what's so special about May 21st? Is XRP about to rise, or will it fall? While no one can predict the market with complete certainty, analyst Levy said there are a few reasons why this date has people talking. Global Tensions Affecting Markets: Recently, tensions between the United States and China have been heating up over trade deals. Both countries agreed to a temporary reduction in tariffs, but disagreements quickly followed. China is now threatening retaliation against US export controls, especially those affecting computer chip supplies. This situation affects global markets - including stocks, bonds, and cryptocurrencies like XRP. When political and economic tensions rise between major countries, markets often become volatile. XRP, like other cryptocurrencies, tends to react to these global shifts. How does this affect XRP? Amid this uncertainty, XRP has been particularly volatile. Following recent gains, the token has fallen by nearly 4% over the past 24 hours, marking a 3% gain from the previous day. Crypto analysts are now closely watching the next 48 to 72 hours, anticipating a potential market bottom for XRP. Many traders are adopting a "buy-dip" strategy during these bullish days, hoping to capitalize on a rebound if historical patterns hold true. The price range between $2.31 and $2.15 is important. If the price reacts strongly and breaks out of this area, it would be a good sign. The next important resistance to watch is at $2.61. A break above could open the way to higher levels, such as $3.30+ (the all-time high). A drop below $1.79 would be more bearish and could signal a price decline ahead—although this is not expected at this time.
#XRP #Prediction #Price #Crucial #Hour #For #forward