$MAGIC 𝗷𝘂𝘀𝘁 𝗱𝗿𝗼𝗽𝗽𝗲𝗱 𝗮𝗯𝗼𝘂𝘁 𝟯𝟱% 𝗶𝗻 𝟮𝟰 𝗵𝗼𝘂𝗿𝘀.
Treasure sits near $0.099 on the CoinGecko chart (Binance Futures ~−36% to ~$0.098). Futures volume ran about $734M.
Open interest value fell from roughly $25M to $11M, with contracts down about 30% and funding near −0.11%/8h. No same-day project catalyst verified — leveraged books got flushed.
Where does the bid stabilize after a wipe like this?
NFA.
#MAGIC #Futures #Altcoins
Treasure sits near $0.099 on the CoinGecko chart (Binance Futures ~−36% to ~$0.098). Futures volume ran about $734M.
Open interest value fell from roughly $25M to $11M, with contracts down about 30% and funding near −0.11%/8h. No same-day project catalyst verified — leveraged books got flushed.
Where does the bid stabilize after a wipe like this?
NFA.
#MAGIC #Futures #Altcoins