A major crash in coin $BLUR : -37% đ©žâ ïž
The reason for the crash is the teamâs announcement that it is shutting down the websiteâs front end and the NFT lending platform.
This decision came after trading volumes collapsed in the NFT market.
More importantly, there are huge clusters of short positions.
A market maker is expected to trigger a short squeeze to liquidate them and take liquidity before the decline continues.
đą Upside targets: 0.01287/0.01400/0.016
Be cautious of the coinâs volatility. The short positions are dangerously crowded right now and need to be liquidated đ
The reason for the crash is the teamâs announcement that it is shutting down the websiteâs front end and the NFT lending platform.
This decision came after trading volumes collapsed in the NFT market.
More importantly, there are huge clusters of short positions.
A market maker is expected to trigger a short squeeze to liquidate them and take liquidity before the decline continues.
đą Upside targets: 0.01287/0.01400/0.016
Be cautious of the coinâs volatility. The short positions are dangerously crowded right now and need to be liquidated đ