Brutal and unruly! ACT holding limit cut twice in 24 hours, robots directly enter a survival mode!
🔥 Event Overview
BN lightning cut twice: Holding limit reduced from 9 million to 4.5 million to 3.5 million within 24 hours, the cut order announced at midnight and executed at dawn, major accounts directly 'decapitated'.
Robot army goes berserk: Hedge positions forced to dump spot → perpetual long liquidation → more robots follow the sale → death spiral initiated.
'Slow dump? Not happening!': Market makers' hedging mechanism triggers a 'nuclear button-style sell-off', price directly halved.
💣 Underlying Rules Exposed
Exchange's 'cross-margin protection' trick: Suddenly reducing position limits to force major accounts to liquidate (commonly known as 'pulling the plug upgrade version').
Market makers' 'hedging prisoner's dilemma':
Robots opening perpetual shorts = must buy spot to hedge.
Once spot is dumped → perpetual liquidation → more spot sales.
Wild farm's 'usury model': Capital costs pressuring, either violently pushing prices up to cut shorts or using the nuclear button to crash prices to cut longs.
🚨 Follow-up Warning
Beware of other small coins facing similar 'position sniping'.
Perpetual contract liquidity crisis may spread.
Remember: In the CeFi world, your positions are ultimately 'hostages' of the exchange.
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