The Prisad for the KSRP shorts still still despite the rally, the dogs are moving in ‘Cross Death’; BTC dominant attacks

CRIPTO Market seems to be have stabilized However, traders act with caution while dealing with Allcoys, like XRP, continuing to rotate money in the leader in the Bitcoin market (BTC).

Payments Focused XRP, used to facilitate cross-border payments, has increased over 3% to $ 2.24 primarily on hopes to make the legal bitter between Blackchain Company ban soon soon to conclude soon.

In the midst of price growth, cumulative open interest in the constant future stated in large scale stabilized near 1.35 billion KSRP, and the annual funding rates and the cumulative Delta data printing, according to data source Velo.

The negative funding rate means shorts paying fees for contracting passions to be open their bears. Shows the dominance of the brief positions in the market. The negative cumulative volume of Delta, which measures the net inflow of capital on the market indicates that the sale of volume accumulated more than the purchase of the scope, potentially signals the bear trend potentially.

Both indicators, therefore, throw a doubt if the price of the price XRP has legs. At the time of pressure, several other large hats such as Doga, Sol, SUI, HBAR, LTC, BTC, TRX and HIPS had negative CVDs for 24 hours.

When we talk about the dog, the 50-day simple average average (SMA) token prices will soon exceed the 200-day SMA, confirming the so-called Cross of Death. The bunny-sound form indicates that the short-term price moment is not able to submit a long-term momentum, with the potential to develop into the main bear trend.

These SMA Crossovers widely followed Trenders, which means that the confirmation of the Cross of Death could bring more sales pressure on the market. It was said, long-term SMA crossovers lagging behind indicators, reflecting sales sales already materialized and has mixed record Predicting the prices of movement in BTC and ETH markets.

Keep in mind that, Doge has already dropped 65% because he was peaked in December at over 48 cents.

BTC is most dominant in four years

The rate of the bitcoin dominance, or the share of cryptocurnenci in total market capitalization, increased to 62.5%, which is most than March 2021. years, according to data source trading framework source data source.

It is significant that Metric increased from 55% to over 62% because the total crypto market capitalization is above $ 3.6 trillion in December.

Indicates the continuous preference for BTC, especially during the broader crashes on the market.