CRYPTO MECHANIC
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If you're wondering why is sell side orderbook is empty on $RED . It's because of Binance new Price cap mechanism.
Price cannot exceed 200% of it's initial opening price. As the opening price of the red is $0.2 based the information available there.
$0.4 is the 2x of that value this is why there is no sell order because $0.4 is already the max and it cannot exceed until 2025-03-01 09:59 (UTC).
BTW did anyone got his or order filled at $0.4?
Price cannot exceed 200% of it's initial opening price. As the opening price of the red is $0.2 based the information available there.
$0.4 is the 2x of that value this is why there is no sell order because $0.4 is already the max and it cannot exceed until 2025-03-01 09:59 (UTC).
BTW did anyone got his or order filled at $0.4?
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