The Block researcher: dYdX Insurance Fund lost $8 million due to high-profit trading strategies that led to a large number of YFI liquidations
The Block researcher Steven posted on X platform that it appears dYdX's insurance fund lost $8 million due to high-profit trading strategies, which caused a large amount of YFI liquidation a few hours ago. Earlier, blockchain data analysis platform Arkham stated on X platform that as YFI plummeted, about $50 million of open positions on dYdX were closed. Prior to this, nearly half of YFI's open positions were opened on dYdX. Arkham added that YFI's trading volume on dYdX is usually very low, but the skyrocketing price of the token in the past few days has led to a peak of open contracts of about $60 million.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Mark Zuckerberg thinks he can make Trump go to war with Europe for him
Share link:In this post: Mark Zuckerberg wants Trump to use tariffs to pressure the EU over a coming fine against Meta. The EU plans to force Meta to offer Facebook and Instagram without personalized ads. Meta says this would kill its main revenue source in Europe, which brings in 25% of its income.

Ethereum Eyes a Comeback After Brutal Q1 Slide
White House: Trump will speak in the Rose Garden at 4 p.m. Wednesday
Trending news
MoreCrypto prices
More








