Wu Blockchain (@WuBlockchain): Benson Sun, former FTX community partner, analyzed that the reason was that Binance adjusted the leverage position limit of ACT. A leverage of one tim…
Estimated coin impact
Scores are not price-change percentages. High impact means a score of +70 or more, or -70 or less.
Benson Sun, former FTX community partner, analyzed that the reason was that Binance adjusted the leverage position limit of ACT. A leverage of one times can only open a maximum position of 4.5 million US dollars. Some market makers’ positions exceeded the limit and were directly closed at the market price. After the contract price dumped, a huge price gap appeared with the spot price, and the spot price also dumped.