Top 5 contract losers over 24 hours:
$UAI -37.14%; $JCT -28.46%; $MAGMA -17.34%; BIRB -17.20%; Lobster -10.50%
Leading the decline is $UAI (-37.14%). This kind of price action is often accompanied by a concentration of liquidations in long contract positions. Keep an eye on whether the funding rate and open interest decline; a genuine recovery may only come after the shakeout.
#UAI
Just my personal opinion, not investment advice.
$UAI -37.14%; $JCT -28.46%; $MAGMA -17.34%; BIRB -17.20%; Lobster -10.50%
Leading the decline is $UAI (-37.14%). This kind of price action is often accompanied by a concentration of liquidations in long contract positions. Keep an eye on whether the funding rate and open interest decline; a genuine recovery may only come after the shakeout.
#UAI
Just my personal opinion, not investment advice.
