As Bitcoin Holds $19K Fort, 'Short' Altcoin Season Arrives: Ethereum (ETH), Cardano (ADA) Plunge Further

Traders are now shorting altcoins in large quantities, trying to profit from the overall bear market as prices of cryptocurrencies continue to plunge, according to a recent analysis by Santiment Insights. What Happened: This essentially means there are more traders betting on price drops than those who are betting on the price rise.