WCT Contracts on Major CEX Reach Extreme Negative Funding Rates, 4-Hour Liquidation Volume Surpasses Bitcoin
Market information: WCT has dropped from $1.37 to $0.8 in the past 2 hours, a decline of over 40% in 2 hours.
According to Coinglass data, the WCT contract on major CEXs has reached the limit negative funding rate, with most platforms reporting a funding rate of -2%.
Currently, the 24-hour trading volume of WCT contracts across the network is as high as $3.4 billion, with a total contract open interest of $196 million. In the past 4 hours, WCT contracts have seen liquidations of $4.8 million, surpassing Bitcoin's $510,000 and Ethereum's $1.29 million in liquidation volume.
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.
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