Arkham: About $50M of open YFI positions on dYdX were liquidated
Arkham stated that YFI has dropped nearly 40% recently, and about $50 million of open positions on dYdX have been closed. Prior to this, nearly half of YFI's open positions were on dYdX.
Arkham also added that usually YFI's trading volume on dYdX is very low, but the recent rise in the token's price has led to a peak of about $60 million in open contracts.
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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