A short squeeze just hit $SNDK . Over the last 30 minutes, the major venues closed $1.6M of leveraged positions that bet on a lower price, shut automatically once their collateral no longer covered the move against them.
The long side came through almost clean, with $1.2K liquidated in the same window. Nearly the whole bill landed on the traders who were short.
The long side came through almost clean, with $1.2K liquidated in the same window. Nearly the whole bill landed on the traders who were short.
