30% Surge Against the Trend! RIVER Ignites 'Chain Abstraction', Leverage Shorts Struggle to Sleep Tonight
Witness the miracle! Today's star is RIVER (River Protocol) — it took off directly in the past 24 hours, with the price skyrocketing over 30%, soaring above $5.4! The trading volume exploded, reaching over $24 million, and the transaction amount surged by 78%, directly igniting the entire 'Chain Abstraction' DeFi track, with the market cap entering the top 250, full of heat!
The core of this wave of enthusiasm is clearly in leveraged trading. Major exchanges like Bybit and MEXC are aggressively opening perpetual contracts, with many players engaging in high-leverage contracts. Currently, on the board, the long positions are piling up like mountains, while not far above is the dense defensive area of the shorts. From the liquidation heatmap, as long as the price pulls slightly again, it is very likely to trigger a series of short liquidations, forming a 'short squeeze' — the pressure on the shorts is almost unbearable.
Smart money has already sensed the opportunity and laid out long positions in advance at lower levels. Now, the open interest (OI) and the number of positions are both skyrocketing, and as soon as the market cooperates, the opportunity for profits to double is right in front of us.
However, this wave of RIVER is not just speculation. The project itself is indeed hardcore: it focuses on omni-CDP (cross-chain collateralized debt positions) stablecoin satUSD, which can achieve cross-chain collateral minting without bridging; there are also products like PrimeVault / SmartVault, claiming zero liquidation risk and automated yields. Currently, the TVL (Total Value Locked) is also at a high level, with real cross-chain liquidity flowing in, not just pure air.
Against the backdrop of overall market volatility, RIVER's ability to surge against the trend indicates that the dual narrative of 'Chain Abstraction' + 'Stablecoins' is gaining market recognition. From the liquidation map, shorts may be squeezed at any time; if longs continue to push, the price is very likely to hit new highs.
Leverage players can look for opportunities to enter, but this double-edged sword must be used wisely: stop-loss and take-profit must be set in advance to avoid backlash. This wave belongs to the rotation opportunities in mid-cap DeFi; don't easily miss the big profits in the year-end market. Those with positions should hold steady, and those who haven't joined can wait for a small pullback to buy in low!
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