The tough guy doesn't say much! The exchange has taken direct action, hurry up and get out of these 5 coins!
Just now, Galle dropped an announcement - the perpetual contracts for RNBW, TAI, AIOZ, BGSC, and OWL will all be delisted on March 20th! No negotiation, just cut them off directly!
As soon as the news came out, AIOZ already panicked and dropped 0.66%. Don't underestimate these decimal points - the market is voting with its feet! The remaining coins are showing 0% on the surface, but that's just the calm before the storm.
My personal take: This is the exchange clearly telling you - these coins have poor liquidity, or the projects are simply finished. Once perpetual contracts are suspended, market makers retreat immediately, and the remaining spot holdings become dead water. Whales can manipulate the price however they want. If you're still holding positions without liquidating? Then you're the sucker who buys at the top!
What's the market impact? This is basically the prelude to a small-scale liquidation storm. For those with open contracts, from 07:30 to 08:00, the price will be hammered to the ground, and liquidation could happen in an instant. Don't expect the settlement price to surprise you - the average price during those 30 minutes will likely trend downward.
What should players do? Just one thing: hurry up and liquidate your positions NOW, immediately! Don't wait until the morning of the 20th to see how that half hour's "average index price" wipes out your account. If you're holding spot, also get rid of it early to those unsuspecting bag holders. Don't wade into this murky water.
If you're a newcomer to crypto, please follow for free. Old Zhang will update crypto news and knowledge daily, and we'll grow together. To keep up with Old Zhang's every move, check out my profile!
The tough guy doesn't say much! The exchange has taken direct action, hurry up and get out of these 5 coins!
Just now, Galle dropped an announcement - the perpetual contracts for RNBW, TAI, AIOZ, BGSC, and OWL will all be delisted on March 20th! No negotiation, just cut them off directly!
As soon as the news came out, AIOZ already panicked and dropped 0.66%. Don't underestimate these decimal points - the market is voting with its feet! The remaining coins are showing 0% on the surface, but that's just the calm before the storm.
My personal take: This is the exchange clearly telling you - these coins have poor liquidity, or the projects are simply finished. Once perpetual contracts are suspended, market makers retreat immediately, and the remaining spot holdings become dead water. Whales can manipulate the price however they want. If you're still holding positions without liquidating? Then you're the sucker who buys at the top!
What's the market impact? This is basically the prelude to a small-scale liquidation storm. For those with open contracts, from 07:30 to 08:00, the price will be hammered to the ground, and liquidation could happen in an instant. Don't expect the settlement price to surprise you - the average price during those 30 minutes will likely trend downward.
What should players do? Just one thing: hurry up and liquidate your positions NOW, immediately! Don't wait until the morning of the 20th to see how that half hour's "average index price" wipes out your account. If you're holding spot, also get rid of it early to those unsuspecting bag holders. Don't wade into this murky water.
If you're a newcomer to crypto, please follow for free. Old Zhang will update crypto news and knowledge daily, and we'll grow together. To keep up with Old Zhang's every move, check out my profile!