Huo Xing Finance reports that, as of April 3, according to market data, STO surged over 25 times in eight days, spiking to $1.86 before crashing 92% to its current price of $0.139. According to Coinglass data, STO saw $23.25 million in liquidations over the past 24 hours, including $7.26 million in long positions and $15.70 million in short positions.
STO surges 25x before crashing 92% to $0.139, $23.25M liquidated in 24 hours
MarsBitShare
Summary
STO surged 25x in eight days, reaching $1.86 before plummeting 92% to $0.139. Coinglass data reveals $23.25M in liquidations within 24 hours, with $15.7M stemming from short positions. Traders evaluating value investing in crypto must account for such extreme volatility. This move underscores the importance of assessing the risk-to-reward ratio before entering volatile assets. Long positions lost $7.26M as the market reversed swiftly.
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