$PONS 𝘀𝗹𝗶𝗱 𝗮𝗯𝗼𝘂𝘁 𝟭𝟮% 𝗶𝗻 𝟮𝟰 𝗵𝗼𝘂𝗿𝘀.
Pons trades near $0.366 on Binance Futures after opening near $0.415. Volume sits around $95M, and open interest fell from roughly $42M to $35M as leverage came off.
No verified catalyst is behind the drop. Futures longs took the brunt of the liquidations.
Reset after the run — or more unwinding ahead?
NFA.
#PONS #Futures
Pons trades near $0.366 on Binance Futures after opening near $0.415. Volume sits around $95M, and open interest fell from roughly $42M to $35M as leverage came off.
No verified catalyst is behind the drop. Futures longs took the brunt of the liquidations.
Reset after the run — or more unwinding ahead?
NFA.
#PONS #Futures