🚨 First red weekly candle after six straight green ones — looks like traders are finally taking some profits, and that’s triggering altcoin liquidations across the board.
🔻 $XRP is down more than 25% from its July highs. Shorts are stacking up like crazy now. If XRP manages to bounce back to $3.20, we could see over $400M in short positions getting wrecked.
💥 $TRUMP is still holding that crucial $8.50 support. If it breaks out and pushes to $9.80, close to $50M in shorts might get liquidated. With Justin Sun backing it and more listings coming, it could get interesting.
🔥 $CFX is the wildcard here. After a 4x rally and the v3.0.0 upgrade, a lot of traders are shorting it, expecting a pullback. But if it touches $0.243 again, that’s another $25M in shorts that could get wiped out.
Bears might be in for a tough week ahead.
