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

Ethereum’s August 4 drop may have been fueled by the liquidation of some long positions in perpetual futures, the Grayscale report concluded. The crypto asset’s decline was epitomized by a drop of more than 7% in just three minutes on August 4. Jump Crypto’s rumored shedding of more than 17,500 ether tokens, as well as (…)