**Stellar (XLM) Observes an Increase of Over 8% in Price**

On September 4, 2023, the price of Stellar ($XLM) witnessed an 8% surge, suggesting a possible minor breakout. This surge is noteworthy as the asset has consistently faced short-selling pressure from the crowd, according to Santiment’s data. The uptick in price could be further fueled by liquidations.

**Keeping an Eye on TON, XMR, and ARB in the Market Watchlist**

Investors should pay close attention to the cryptocurrencies TON, XMR, and ARB, as Santiment’s data reveals that these assets are also being shorted by the crowd.

As per the latest data, XMR’s market value currently stands at around $21.3 million, a significant rise from $11.7 million on August 21. The long/short ratio for XMR is 1.44, indicating a balanced market sentiment. This suggests that XMR is less likely to face liquidity issues in long positions.

**ARB’s Open Interest on a Decline**

In contrast, ARB has experienced a decline in open interest. It peaked at approximately $60 million on August 28 but has since dropped to $48.7 million. Despite the decrease, the open interest remains substantial. However, ARB’s long/short ratio of 3.78 serves as a warning signal for long traders, indicating potential liquidity risks.

*Image source: Shutterstock*



### News source: blockchain.news

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