LIGHT surged 700% before plummeting 77% in a single day, resulting in over $32 million in margin calls for both long and short positions.

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On January 1, according to HTX market data, LIGHT (Bitlight) plummeted by 77.3% in a short period of time, once touching $0.5287, and is currently priced at $0.64.

It is worth noting that LIGHT fell to $0.32 at 4 PM Beijing time yesterday, then surged nearly 700%, briefly touching $2.50 at around 6:45 PM today, before the sharp drop that occurred an hour later.

According to Coinglass data, LIGHT saw $32.11 million in liquidations in the past 24 hours, second only to BTC's $47.85 million. Of these, $12.39 million were long positions and $19.71 million were short positions.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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