The Perp Market Is Getting Hit Hard

The downside is getting aggressive across USDS-M Perps, with $2Z USDT down 23.35%,$US USDT down 22.04%, $UAI USDT down 20.43%, and $PONSUSDT down 20.42%. Heavy selling is dominating these names right now, so chasing random bounces in this kind of pressure can be dangerous.