Just an absolute slaughterhouse. $B2 is getting entirely flushed down to 47 cents. That's roughly 132 rupees of pure gravity. Dropping nearly 28% on a perpetual contract means the longs aren't just casually cutting losses, they're getting violently liquidated.
Then you've got $ORCA caught in the exact same funeral march. Bleeding out 22% and sinking back down to 1.21... about 337 rupees. It looks so incredibly heavy right now. $ENSO is basically copy-pasting the death spiral at the bottom, down almost 22% itself at 87 cents.
The fact that they're all perps dropping this deeply in perfect synchronization 📉... this isn't natural spot selling. It's a localized margin call cascade. Whoever triggered this flush just stepped out of the way and let the automated liquidation engine do the rest of the dirty work. I'm staring at B2 twitching around that 0.47 mark, trying to figure out if there's literally any real support left holding it up, because if the bid side is as hollow as it looks, the next leg down is just going to...
