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A permanent futures related to CRV have reached 106 million US dollars

A permanent futures related to CRV have reached 106 million US dollars

Bitget2023/08/01 08:09

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.

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