light flash crash, the ultimate fate of altcoins is all the same
Last night, $LIGHT did indeed crash, plummeting from a peak of about 4.8 USD directly below 1 USD in just a few hours, with a decline exceeding 75-80%, a classic case of 'cutting leeks.' According to on-chain data and community discussions: the 24-hour trading volume reached 2.13 billion USD, ranking in the TOP3 on Binance's contract list (only behind BTC and ETH).
The cumulative liquidation for both longs and shorts exceeded 4.84 million USD, and the OI (open interest) shrank from 53.32 million USD before the crash to 18.79 million USD, but the contract open interest instead increased, with the large player long-short ratio even reaching 1.63, indicating that some still believe 'the game is not over.'
The cumulative liquidation for both longs and shorts exceeded 4.84 million USD, and the OI (open interest) shrank from 53.32 million USD before the crash to 18.79 million USD, but the contract open interest instead increased, with the large player long-short ratio even reaching 1.63, indicating that some still believe 'the game is not over.'
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BTC
89,789.99
+0.93%
