🐳 Top 5 futures contracts by 24-hour decline:
1) $SOON -5.62%
2) $VVV -5.17%
3) $H -5.03%
4) JCT -4.48%
5) AIN -3.46%
A move like this in $SOON (-5.62%), the biggest decliner, is usually accompanied by leveraged longs hitting stop-losses all at once. Watch whether funding rates and open interest fall; after the shakeout, a meaningful stabilization becomes more likely.
#SOON
Volatility is high, so size your positions accordingly.
1) $SOON -5.62%
2) $VVV -5.17%
3) $H -5.03%
4) JCT -4.48%
5) AIN -3.46%
A move like this in $SOON (-5.62%), the biggest decliner, is usually accompanied by leveraged longs hitting stop-losses all at once. Watch whether funding rates and open interest fall; after the shakeout, a meaningful stabilization becomes more likely.
#SOON
Volatility is high, so size your positions accordingly.