Traders are loading up on shorts across the majors, but one chart steals the spotlight. đ„
$XRP is showing almost no long support:
Shorts: ~15M
Longs: ~0.6M
Thatâs the most extreme short bias in the market right now.
đ If the price falls, downside pressure could snowball.
đ If it rallies, buckle up this could trigger a massive short squeeze.
This kind of imbalance doesnât stick around for long. #XRP
