Early morning bloodbath! $65 million liquidation, OM becomes the 'crop harvesting machine' -- shorting feels great...
On the early morning of April 14, the price of OM coin plummeted sharply, with over $65 million liquidated across the network in just 12 hours, second only to Bitcoin, becoming the 'most brutal battlefield' in the crypto market.
Investors lamented: 'My account went straight to zero!'
But the truth is far more complicated than it seems --
Official emergency response: Was the crash caused by the 'exchange's forced liquidation'?
The founder of MANTRA quickly spoke out: The crash has nothing to do with the team or investors, the tokens are still locked as planned, and the finger points directly at a certain centralized exchange (CEX) for its 'forced liquidation' operations!
Reports indicate that during the low liquidity period in Asian time zones, a certain exchange suddenly initiated large-scale liquidations of OM leveraged positions without prior warning, leading to a spiral price drop, and even raised suspicions of 'intentional market manipulation'.
Chain reaction: Market maker algorithm 'misjudgment', BTCDOM contract mysteriously surged by 20%
Even more dramatic, OM's flash crash unexpectedly triggered a fault in a market maker's algorithm, causing Binance's BTCDOM perpetual contract to be violently pushed up by 20%, plunging the market into chaos!
Industry insiders analyzed: OM's crash was misread by algorithms as a 'market structure change', triggering strategic buying and exposing fatal loopholes in high-frequency trading and liquidity risk.
In-depth questioning: Who should pay for the 'disorderly liquidation'?
1. Exchange responsibility: Why choose to 'raid' liquidation during low liquidity periods? Did internal risk control fail?
2. Investor protection: Is there a hidden 'harvesting trap' in the design of leveraged contracts?
3. Industry regulation: In the game between DeFi and CEX, how to avoid the replay of 'artificial manipulation'?
How can ordinary players avoid pitfalls?
1. Be cautious with low liquidity tokens: Especially beware during early mornings, holidays, and other trading quiet periods;
2. Stay away from high leverage: The risk of liquidation rises exponentially, do not engage in 'life-or-death operations';
3. Choose compliant platforms: Prioritize major exchanges like Binance; smaller platforms lack transparency.
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