The post Altcoin Season 2022 May Be Nearing ! Fake Rally Or Actual Bounce? What Traders Can Expect ? appeared first on Coinpedia Fintech News

The crypto traders are eagerly awaiting the resurgence of a bullish trend in the markets, as the pathetic conditions of 2022 have brought about massive losses for everyone.

Currently, Bitcoin is trading at $19,023 with a drop of 0.16% over the last 24hrs. Ethereum has plunged by 0.56% in the last day and is trading at $1,284.

At present, it is reported that the profit-taking open trade positions have overtaken the long term buy position numbers, which is definitely a negative indicator. 

A report by the analytical firm, Santiment, claims that the number of short positions has highly exceeded the number of long term trades of the altcoins.