
Jakarta, Pintu News â One of the crypto altcoins that stole the show in 2026 was Siren (SIREN), with a spectacular rise of up to 2,450% in the last 90 days. This surge has piqued the interest of cryptocurrency investors, especially amid a volatile market. However, behind the huge rally, a number of fundamental indicators are showing warning signals that you need to be aware of.

Siren (SIREN) recorded a remarkable price increase, including an additional approximately 11% in the last 24 hours. However, on the other hand, the number of holders actually decreased after peaking at 41,570 addresses. In a short period of time, the number of holders dropped by about 2,200 to 39,390.
A decrease in the number of holders usually indicates reduced investor confidence in the asset. It can also increase the supply in the market, potentially depressing the price. In the crypto ecosystem, this kind of divergence between price and fundamentals is often a risk signal.
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Fundamentally, SIRENâs market capitalization actually fell by around $490 million or equivalent to Rp8.33 trillion. Under normal conditions, a decrease in market cap will be followed by price weakness. However, SIREN actually moved in the opposite direction, indicating a market imbalance.
This indicates that price increases are driven more by short-term trading activity than organic growth. In many cases in cryptocurrency, patterns like this can increase the risk of a sharp correction. Therefore, itâs important that you donât just look at price increases.

SIRENâs rise was largely driven by trader activity in the derivatives market, particularly long positions. Data shows that the buy/sell ratio was above 1, signaling the dominance of buying pressure. In addition, the liquidation of short positions amounted to around $817,000, much larger than the liquidation of longs.
However, there are early signs of a change in sentiment with the funding rate starting to go negative. This suggests more and more traders are starting to open short positions. If bearish pressure increases, prices could potentially reverse downwards and create a bull trap for investors.
Sirenâs (SIREN) price spike shows the potential for big gains in the crypto market, but also comes with risks. The divergence between price and fundamentals is an important signal to watch. In the cryptocurrency world, extreme rises are often followed by sharp corrections.
For you, it is important to understand that not all rallies reflect long-term strength. Fundamental analysis and market sentiment remain key factors in decision-making. With a more rational approach, you can avoid the risk of bull traps in the crypto market.
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*Disclaimer
This content aims to enrich readersâ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an assetâs past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying and selling Bitcoin and other crypto asset investments are the responsibility of the reader.