🐳 Top 5 biggest 24-hour losses:
1） $OGN -9.69%
2） $SENT -8.27%
3） $PHA -7.62%
4） CT -6.80%
5） AKE -6.21%
The leading loser, $OGN (-9.69%), is showing the kind of price action usually accompanied by a cascade of stop-losses among leveraged longs. Keep an eye on funding rates and open interest to see whether positions have been flushed out. After the washout, a decent rebound becomes more likely.
#OGN
Data is for reference only. Make your own decisions.
1） $OGN -9.69%
2） $SENT -8.27%
3） $PHA -7.62%
4） CT -6.80%
5） AKE -6.21%
The leading loser, $OGN (-9.69%), is showing the kind of price action usually accompanied by a cascade of stop-losses among leveraged longs. Keep an eye on funding rates and open interest to see whether positions have been flushed out. After the washout, a decent rebound becomes more likely.
#OGN
Data is for reference only. Make your own decisions.