$OGN $OGN The order book has gotten completely ridiculous.
Open interest in perpetuals has piled up to $220 million—more than 7 times the circulating market cap.
The spot liquidity pool is tiny, so it’s all borrowed tokens betting against thin air.
With leverage this high, if someone pulls their orders up top, the longs below won’t even have anyone to take the other side.
#比特币突破8.4万美元 #OGN $OGN
#OGN $OGN
👇
Open interest in perpetuals has piled up to $220 million—more than 7 times the circulating market cap.
The spot liquidity pool is tiny, so it’s all borrowed tokens betting against thin air.
With leverage this high, if someone pulls their orders up top, the longs below won’t even have anyone to take the other side.
#比特币突破8.4万美元 #OGN $OGN
#OGN $OGN
👇