🚨 Mantle Crashes 11%: Why Derivatives Panic Killed the Rally
📊 Alpha Breakdown:
Mantle (MNT) plunged 11.4% to a low of $0.54, breaking below the $0.60 support level. Spot trading volume surged 89% to $48M, while Open Interest fell 14% to $50M. Futures outflows of $14.7M exceeded inflows, indicating aggressive position unwinding. Spot netflow remained negative at -$928K, showing consistent exchange outflows. The price action reflects derivatives-driven panic rather than fundamental spot rejection....
🔗 Full Breakdown on YourWeb3Guy:
https://www.yourweb3guy.com/news/mantle-crashes-11-why-derivatives-panic-killed-the-rally
#cryptoprices #cryptocurrency #cryptonews
📊 Alpha Breakdown:
Mantle (MNT) plunged 11.4% to a low of $0.54, breaking below the $0.60 support level. Spot trading volume surged 89% to $48M, while Open Interest fell 14% to $50M. Futures outflows of $14.7M exceeded inflows, indicating aggressive position unwinding. Spot netflow remained negative at -$928K, showing consistent exchange outflows. The price action reflects derivatives-driven panic rather than fundamental spot rejection....
🔗 Full Breakdown on YourWeb3Guy:
https://www.yourweb3guy.com/news/mantle-crashes-11-why-derivatives-panic-killed-the-rally
#cryptoprices #cryptocurrency #cryptonews