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Leverage unwind grips altcoins as long positions collapse across majors

Altcoins experienced severe market stress as a leveraged long unwinding triggered over $1.44 billion in liquidations within 24 hours, with long positions accounting for $1.26 billion. Ethereum led with $120 million in liquidations, followed by Solana and XRP. The rapid, coordinated sell-off amplified volatility due to thin order books and high leverage. While the clearing of over-leveraged positions may bring short-term stability, continued market weakness or aggressive re-entry could sustain volatility risks.

ambcrypto02/05 17:16

Leverage unwind grips altcoins as long positions collapse across majors

ambcrypto02/05 17:16

Hot Interaction Collection | Cascade Early Access Application; OpenMind Adds Badge Tasks (December 17)

Hot Interaction Roundup: Cascade Early Access and OpenMind Badge Tasks (Dec 17) Cascade, a crypto brokerage platform, is now accepting early access applications. It offers 24/7 trading of U.S. stocks and crypto perpetual contracts with a single margin account. Users can apply via X (Twitter) and Google email, and join the Discord to claim OG roles. OpenMind, founded by a Stanford professor, is building a universal OS and decentralized network for smart machines. It recently added new badge tasks: users can sign up with Google, verify with World Coin for a Personhood badge, and connect a Backpack wallet for another badge. Altius, a modular execution stack developer, launched a Web3 knowledge quiz with Open Academy. Participants can complete three course levels and social tasks for a chance to win limited edition boxes or OA tokens. The event runs until December 23.

Odaily星球日报12/17 07:31

Hot Interaction Collection | Cascade Early Access Application; OpenMind Adds Badge Tasks (December 17)

Odaily星球日报12/17 07:31

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