First, the conclusion: LSK played a roller coaster today. In the past 24 hours, it surged to more than 110% above the opening price at its peak, then slumped and fell by over 40% after halving. Now the net gain is only around 29%.

At the current price near 0.51, the 24-hour high was 0.867 and the low was 0.362. The gains on Binance, Bybit, and Gate are all capped between 28% and 30%.

This batch of people chasing the rally is really uncomfortable right now. In the past 4 hours, the entire network has exploded with a total of $1.78 million worth of LSK positions liquidation, of which 72% were long positions. When the high was smashed downward, those who added leverage and chased in were buried.

What explains the situation even better is the positioning: Binance’s LSK futures open interest saw a brutal reduction of 39% within 4 hours. Total open interest across the market was $41.8 million, while over the past 24 hours it actually fell by 9.6%. Leverage funds are rapidly running for the exits. This surge looks more like spot sentiment, not like a futures stack propping it up.

$LSK $BTC

#爆仓数据 # Currency movement

It spikes by 100% then plunges—would you dare to chase a stock like this?

Check in real time: https://www.coinboss.com/currencies/LSK