Recently, market liquidity has been quite sluggish, and tokens that have been quiet for a long time often experience a sudden spike of 30%, attracting people to open contracts for shorting. When the contract open interest surges, then another spike happens, raising it by 80% or 100%, taking away the shorts.
Although according to historical patterns, the vast majority of tokens will eventually revert back down, it is still important to pay attention to risks and not become an ATM for market makers.
$VOXEL $MAGIC $NKN