$ETC Binance has raised the cross-margin collateral ratio for $ETC from 50% to 60%.
Everyone jokes about the Doomsday Chariot every day, but now the exchange is quietly giving it more room to maneuver.
If the platform’s risk controls are willing to bump up its collateral value, they clearly aren’t worried about the price falling far enough to leave bad debt.
Bears are still stubbornly holding their positions in the order book. Once more leverage becomes available to bulls, the Chariot could turn around and trigger a short squeeze—and that could get ugly fast.
#比特币突破8.4万美元 #ETC $ETC
#OGN $OGN
👇
Everyone jokes about the Doomsday Chariot every day, but now the exchange is quietly giving it more room to maneuver.
If the platform’s risk controls are willing to bump up its collateral value, they clearly aren’t worried about the price falling far enough to leave bad debt.
Bears are still stubbornly holding their positions in the order book. Once more leverage becomes available to bulls, the Chariot could turn around and trigger a short squeeze—and that could get ugly fast.
#比特币突破8.4万美元 #ETC $ETC
#OGN $OGN
👇