Why the hell is almost everyone shorting their Links and Cardanos?

[yurim37]

That's unbelievable.
There had to be a correction for Link especially after its incredible run of the last few months but now, it's not only a correction anymore but far more than that.

[Teraboy]

That's unbelievable.
There had to be a correction for Link especially after its incredible run of the last few months but now, it's not only a correction anymore but far more than that.

I have expected these coins will be going to the bottom again after a huge pump that happened in the last month. As you said that above if that was not a correction but the people have already started to sold their stash and then move on.

People are not so stupid to hold their links for the long term while they can go out from the market as soon as possible to make more money in another coin.
I believe link will be going out from top 10 CMC. The price is getting dumped so hard and this coin is totally overvalued at this moment.

Look at how people were choosing DOT rather than link for tokenization purpose.

[bigcash2011]

Looks like whales manipulating, the big guys who took the price up are now taking profits because despite the crash in price they are still in profit and now they are constantly selling to take profit which is taking the price down.
Secondly we can say that link had reached its peak value so maybe a downtrend had to be faced untill it find its support level and price starts ranging for few months. Only then we can expect trend reversal from there.