🐳 Top 5 contracts by 24-hour decline:
1. $AKE -32.13%
2. $DOOD -19.92%
3. $ICNT -18.02%
4. BIRB -17.48%
5. BTW -17.12%
The decline is led by $AKE (-32.13%). This kind of price action is often accompanied by concentrated stop-losses on long positions in the contract. Watch whether the funding rate and open interest fall back; a meaningful stabilization may only be possible after the shakeout.
1. $AKE -32.13%
2. $DOOD -19.92%
3. $ICNT -18.02%
4. BIRB -17.48%
5. BTW -17.12%
The decline is led by $AKE (-32.13%). This kind of price action is often accompanied by concentrated stop-losses on long positions in the contract. Watch whether the funding rate and open interest fall back; a meaningful stabilization may only be possible after the shakeout.