According to ChainCatcher, based on on-chain analyst Lookonchain (@lookonchain)'s monitoring, Binance recently updated leverage and margin levels for multiple tokens including ACT, which led to a forced liquidation of a whale's position. The whale's address was liquidated when ACT's price was $0.1877, resulting in losses of up to $3.79 million. Subsequently, the ACT token price plummeted by over 50%, intensifying market volatility.
After Binance adjusted its ACT leverage strategy, a whale was liquidated for $3.79 million
This article is machine translated
Show original
Source
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.
Like
Add to Favorites
Comments
Share
