Crypto飞哥
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Talk about why ACT has plummeted
Binance changed the rules, leading to large holders being liquidated and market makers arbitraging; the market has no liquidity, resulting in a chain reaction of liquidations. For example, if I am a large holder with positions in ACT, TST, etc., and I have 20x leverage, but it is now reduced to 8x leverage, if I do not add margin, I will be liquidated. The liquidation of ACT simultaneously leads to the liquidation of TST, causing several altcoins to collapse.
Binance changed the rules, leading to large holders being liquidated and market makers arbitraging; the market has no liquidity, resulting in a chain reaction of liquidations. For example, if I am a large holder with positions in ACT, TST, etc., and I have 20x leverage, but it is now reduced to 8x leverage, if I do not add margin, I will be liquidated. The liquidation of ACT simultaneously leads to the liquidation of TST, causing several altcoins to collapse.
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BNB
649.74
+1.84%