🐳 Top 5 biggest decliners in 1 hour:
No.1 $GWEI -7.79%
No.2 $TIA -2.67%
No.3 $S -2.09%
No.4 NIL -1.84%
No.5 ICNT -1.73%
A move like this in the biggest decliner, $GWEI (-7.79%), is often accompanied by a cascade of stop-losses on leveraged long positions. Watch funding rates and open interest to see whether positions are being cleared out; a genuine stabilization is more likely after the shakeout.
No.1 $GWEI -7.79%
No.2 $TIA -2.67%
No.3 $S -2.09%
No.4 NIL -1.84%
No.5 ICNT -1.73%
A move like this in the biggest decliner, $GWEI (-7.79%), is often accompanied by a cascade of stop-losses on leveraged long positions. Watch funding rates and open interest to see whether positions are being cleared out; a genuine stabilization is more likely after the shakeout.