YFI Volatility Explodes As Bulls Get Trapped
$YFI witnessed a sharp liquidation event where $1.2387K in long positions got wiped out at $3036.0. This event reflects a sudden bearish push catching leveraged buyers off guard. When high value assets like YFI experience liquidation cascades it often indicates strong market rejection from resistance zones.
The forced closure of bullish trades shows hesitation among buyers and hints at growing selling dominance in the short term. Liquidation clusters like this can sometimes trigger further cascading effects if price continues to slide. Traders now watch whether YFI can reclaim strength above psychological levels or if volatility will continue driving unpredictable price
swings.
YFI
2,973
-2.58%