Top 5 contracts by 24-hour decline:
1) $ZEREBRO -35.61%
2) $CT -8.75%
3) $US -7.73%
4) USELESS -7.18%
5) GRASS -6.92%
With $ZEREBRO leading the decline (-35.61%), this kind of price action is often accompanied by a cascade of liquidations among leveraged longs. Watch whether the funding rate and open interest have been flushed out; only then might a genuine rebound be possible.
Just chatting—this is not advice.
1) $ZEREBRO -35.61%
2) $CT -8.75%
3) $US -7.73%
4) USELESS -7.18%
5) GRASS -6.92%
With $ZEREBRO leading the decline (-35.61%), this kind of price action is often accompanied by a cascade of liquidations among leveraged longs. Watch whether the funding rate and open interest have been flushed out; only then might a genuine rebound be possible.
Just chatting—this is not advice.