price surge
WLFI experienced a rapid price increase of 30%, resulting in nearly $3 million worth of short liquidations across the network within the last hour. This sudden surge in price prompted significant activity in the market, particularly affecting short positions. As traders reacted to the price movement, liquidations escalated, highlighting the volatility present in the trading environment. The extent of the liquidations indicates a strong response from market participants to the price change. Such fluctuations can have broader implications for market stability and trader sentiment.
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