🚨 UPDATE: Top XRP and ENA Traders Turn Bearish on Hyperliquid
Nearly all top traders in XRP and Ethena (ENA) on Hyperliquid are currently holding short positions, according to Crypto Headlines.
The positioning suggests that major traders are betting on further price declines in both assets.
However, crowded short positions can also create the potential for a short squeeze if prices move unexpectedly higher.
👀 Will the bears be right, or could a short squeeze catch them off guard?
#XRP #ENA #Hyperliquid #EarningsSeason #ZcashDevelopersConfirmNovemberDateForNU7Upgrade $ENA $XRP
Nearly all top traders in XRP and Ethena (ENA) on Hyperliquid are currently holding short positions, according to Crypto Headlines.
The positioning suggests that major traders are betting on further price declines in both assets.
However, crowded short positions can also create the potential for a short squeeze if prices move unexpectedly higher.
👀 Will the bears be right, or could a short squeeze catch them off guard?
#XRP #ENA #Hyperliquid #EarningsSeason #ZcashDevelopersConfirmNovemberDateForNU7Upgrade $ENA $XRP