$AIN The reason for the big drop today
The main reason is the liquidation cascade of purchase centers (Long Liquidations) after an excessively high rise (parabolic rally) yesterday by approximately 150%+, driven by speculation and high leverage.
Yesterday (September 15) the price surged strongly to new levels, with trading signals calling for Long positions with leverage 25x–50x.
When the trend reversed, massive consecutive liquidations began, especially in derivatives.
Trading volume increased dramatically (turnover ratio extremely high), and the thin liquidity amplified the sell-off.
There was no major negative news about the project itself; the drop was currency-specific (idiosyncratic), not tied to the broader crypto market (which was relatively weaker only).
Liquidation data: AINUSDT recorded liquidations in the millions of dollars (a large portion of Longs), as part of a broader market liquidation wave that reached hundreds of millions
$AIN $BR
The main reason is the liquidation cascade of purchase centers (Long Liquidations) after an excessively high rise (parabolic rally) yesterday by approximately 150%+, driven by speculation and high leverage.
Yesterday (September 15) the price surged strongly to new levels, with trading signals calling for Long positions with leverage 25x–50x.
When the trend reversed, massive consecutive liquidations began, especially in derivatives.
Trading volume increased dramatically (turnover ratio extremely high), and the thin liquidity amplified the sell-off.
There was no major negative news about the project itself; the drop was currency-specific (idiosyncratic), not tied to the broader crypto market (which was relatively weaker only).
Liquidation data: AINUSDT recorded liquidations in the millions of dollars (a large portion of Longs), as part of a broader market liquidation wave that reached hundreds of millions
$AIN $BR
