NFP triggers both long and short liquidations, OI drops 90% from recent highs
According to Odaily, on-chain analyst Ai Yi stated on X that NFP's 24-hour contract trading volume has entered the rankings. Since yesterday afternoon, NFP rose from $0.004412 to $0.04391 within 13 hours, marking an increase of 895%, leading to short positions being liquidated; then within 6 hours overnight, it dropped by 82.36%, resulting in long positions being liquidated. After both long and short liquidations, OI has shrunk by 90% from its recent high.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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