The post Raydium drops 10% in 24 hours as shorts take the lead: More losses ahead? appeared on BitcoinEthereumNews.com.

Raydium’s short traders have faced $0 in liquidations, while longs have suffered significant losses. There’s no sign of recovery, as the price chart indicates a potential decline may be imminent. Radium [RAY] has dropped by 10% following a market-wide downturn—reversing last week’s rally but still leaving investors with a net gain of 4.83%. AMBCrypto’s analysis shows that RAY is in a much more precarious position. The asset could continue its downward trajectory, potentially increasing losses for investors. $0 in short liquidation — What does it mean for RAY? RAY’s sharp drop over the past 24 hours could accelerate, as liquidation data shows that short traders currently hold a decisive edge. At press time, the market saw total liquidations worth $67,020—all from long positions. Short liquidations remained at $0. Source: CoinGlass A $0 short liquidation suggests that short traders have accurately predicted the market direction. This can inspire confidence among other traders on the sidelines, potentially triggering further selling pressure. Adding to the bearish outlook, the Taker Buy-Sell Ratio (also known as the Long-to-Short Ratio) indicates extremely high selling volume. This ratio is considered neutral at 1. A reading above 1 implies more buying volume, while a reading below 1 suggests selling pressure dominates. In this case, Raydium’s ratio was 0.7703 at the time of writing, indicating that sellers far outnumbered buyers—another strong signal of a potential price drop. Slight hope surfaces The Exchange Netflow—a metric that tracks asset inflows and outflows through centralized exchanges—shows signs of renewed buying interest. According to on-chain data, spot traders have continued accumulating RAY, potentially viewing the recent drop as a discount. Source: CoinGlass These buyers have spent approximately $1.269 million acquiring the asset. If this buying trend persists, it could help stabilize the price. However, broader market analysis suggests the momentum still favors selling.…

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Filed under: News - @ June 13, 2025 2:22 am