$PIPPIN On December 22nd in the morning, BitLight (LIGHT) experienced a rare rapid breakdown. This coin dropped at one point below the one Dollar level, and now the price is 1.12 Dollar, with a decrease of 69.54% in 24 hours. Even more surprising is the sequential reaction in the futures market. In just 4 hours, the total amount of liquidation in LIGHT futures trading across the network reached 7.64 million Dollar, making it the top in the network that day. Market data shows that this decline led to a series of liquidations, with many margin traders facing severe liquidations. A drop in the price of the coin so quickly and so significantly often indicates extreme volatility in market sentiment - whether due to sudden risks from the project side or a widespread market panic. When following such events of the black swan type, the importance of risk management is reiterated.
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GateUser-5d7ba432
· 12-22 11:20
Good and logical analysis, but at the beginning of the year there will be many changes.
$PIPPIN On December 22nd in the morning, BitLight (LIGHT) experienced a rare rapid breakdown. This coin dropped at one point below the one Dollar level, and now the price is 1.12 Dollar, with a decrease of 69.54% in 24 hours. Even more surprising is the sequential reaction in the futures market. In just 4 hours, the total amount of liquidation in LIGHT futures trading across the network reached 7.64 million Dollar, making it the top in the network that day. Market data shows that this decline led to a series of liquidations, with many margin traders facing severe liquidations. A drop in the price of the coin so quickly and so significantly often indicates extreme volatility in market sentiment - whether due to sudden risks from the project side or a widespread market panic. When following such events of the black swan type, the importance of risk management is reiterated.