70% of altcoins have more long positions than short positions.

Tokens with the highest long/short ratio are $TRUMP, $DOT, $LINK, $XRP, $MELANIA etc.

Tokens with the lowest long/short ratio are $TAIKO, $MKR, $HYPE, $BTC etc.

Interestingly, tokens with less longs than shorts are performing better.

This shows that big entities are accumulating these coins while hedging their bets through short positions.

Meanwhile, tokens with highest long positions are getting dumped on spot.

So, if you're looking to accumulate alts, look at the bottom of this chart.

You'll find some strong alts there which will most likely outperform markets in the coming weeks/months.