$SQD Recently saw a sharp pullback; within 24 hours, the drop has exceeded 29%, and the price is facing significant downside pressure in the short term.
This decline is mainly driven by broad-market correlation: after Bitcoin broke below $77,000, the overall altcoin market weakened, and on top of that, high-leverage long positions faced large-scale liquidations. The open interest surged, further magnifying selling pressure.
Current quote: $0.03139; 24-hour trading volume: $2.88 million; market cap: about $35.33 million. Going forward, you should watch whether the broader market stabilizes and whether capital flows change.
#加密货币 #比特币 # Subsquid
This decline is mainly driven by broad-market correlation: after Bitcoin broke below $77,000, the overall altcoin market weakened, and on top of that, high-leverage long positions faced large-scale liquidations. The open interest surged, further magnifying selling pressure.
Current quote: $0.03139; 24-hour trading volume: $2.88 million; market cap: about $35.33 million. Going forward, you should watch whether the broader market stabilizes and whether capital flows change.
#加密货币 #比特币 # Subsquid