Grayscale Report: Liquidated Long Perpetual Positions Fueled ETH’s Black Monday Flash Crash

Ethereum’s Aug. 4 decline could have been fueled by the liquidation of a portion of long positions in perpetual futures, the Grayscale report concluded. The crypto asset’s decline was epitomized by its over 7% drop in just three minutes on Aug. 4. Jump Crypto’s rumored offloading of more than 17,500 ether coins, as well as […]

source https://news.bitcoin.com/grayscale-report-liquidated-long-perpetual-positions-fueled-eths-black-monday-flash-crash/