LIGHT skyrocketed 700% in the past 24 hours before crashing 77%, resulting in a long and short double liquidation of over $32 million
BlockBeats News, January 1st, according to an exchange market data, LIGHT (Bitlight) experienced a short-term plunge of 77.3%, dropping to as low as $0.5287 at one point and is now trading at $0.64.
It is worth noting that LIGHT fell to $0.32 at 4 pm (UTC+8) yesterday and then continued to surge by nearly 700%. It once reached $2.5 around 18:45 (UTC+8) today and experienced the plunge event one hour later.
According to Coinglass data, LIGHT liquidated $32.11 million in the past 24 hours, second only to BTC's $47.85 million, with long liquidations at $12.39 million and short liquidations at $19.71 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.
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