$ARC – What really happened yesterday? 👀
Yesterday, on a perp DEX, a very large leveraged long (≈20M USDC size) was opened on $ARC .
• Price initially pumped
• Volatility expanded fast
• Sellers stepped in aggressively
The position was eventually liquidated.
This wasn’t “news driven”.
This was pure leverage vs liquidity.
When size enters with high leverage: → It can move price short-term
→ But if market depth isn’t there… liquidation follows