A permanent futures related to CRV have reached 106 million US dollars
Earlier Tuesday, CRV fell to about $ 0.5, reaching the lowest level since November 22 last year. Since CURVE has suffered a re -attack on Sunday evening, the price has fallen by about 30%. Velo data shows that the nominal non -closing contract of permanent futures related to CRV has doubled to $ 106 million, while the financing interest rate is negative. This is usually a sign of traders shorting or betting on prices. Seeing that the position may originate from people's concerns about Curve's founder Michael Egorov's large borrowing position on AAVE and FRAX may be liquidated, which may destroy the stability of the Curve and a wider encryption market.
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
Analysis: Bitcoin Poised to Reach $125,000 Based on Short-Term Holder Cost Basis
U.S. Spot Ethereum ETFs Saw Net Inflow of $6.22 Million Yesterday
Solana Ecosystem Advisor Nikita Bier Joins X as Head of Product
Data: Bitcoin rose 31.41% in the second quarter
Trending news
MoreCrypto prices
More








