🐳 Top 5 contracts by 24-hour decline:
1. $TRUTH -22.16%
2. $SPORTFUN -20.67%
3. $BTW -12.68%
4. APR -10.92%
5. BR -10.57%
The decline is led by $TRUTH (-22.16%). This kind of price action is often accompanied by a concentrated liquidation of leveraged long positions. Watch funding rates and open interest to see whether the excess has been cleared. A meaningful rebound may only be possible after the shakeout.
NFA, DYOR.
1. $TRUTH -22.16%
2. $SPORTFUN -20.67%
3. $BTW -12.68%
4. APR -10.92%
5. BR -10.57%
The decline is led by $TRUTH (-22.16%). This kind of price action is often accompanied by a concentrated liquidation of leveraged long positions. Watch funding rates and open interest to see whether the excess has been cleared. A meaningful rebound may only be possible after the shakeout.
NFA, DYOR.