Storage protocols like Filecoin and storj faced pressure from shortsellers over the weekend, pushing down the tokens of both projects along with other storage tokens. Reports thesamreynolds.
Short sellers were relentless on storage protocols Filecoin and Storj over the weekend, with record shorts being placed on FIL.
FIL is down 28% over the past five days, with STORJ down 20%. Both have underperformed ether , which is down roughly 10% during the same time period.Data from CoinGlass points to record liquidations on long positions for FIL and STORJ as last week came to a close.Nearly $5.7 million long FIL positions were liquidated on December 16, according to CoinGlass, while $365,000 in STORJ long positions were also liquidated.
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