Flash crash! LIGHT plummeted 77.7% in five and a half hours, a complete wipeout 😨 With a 24-hour trading volume of $2.13 billion, it has become one of the top 3 tokens in Binance's 24-hour contract trading volume, second only to BTC and ETH. According to Coinglass data, a total of $4.84 million in long and short positions were liquidated. OI also shrank from $53.32 million before the 4 PM crash to the current $18.79 million (mainly due to the price drop), but the contract open interest increased instead of decreasing, from 11.97 million $LIGHT to 18.79 million. The long/short ratio of large investors is even 1.63, it seems the game is far from over…

This is not the first time such a classic has been used.