Gate recently adjusted the minimum price increment (tick size) for several futures contracts, including $BMT, $SLERF, and $LOKA. While this modification doesn't directly impact asset prices, it can spark momentary turbulence, particularly for low-liquidity tokens, due to algorithmic trading and API-based systems.
The sharp decline observed in cryptocurrencies such as $BMT, $SOON, and $ME today appears to be a result of multiple factors:
1️⃣ Algorithmic responses to the revised tick sizes 2️⃣ Thin markets coupled with panic-induced sell-offs 3️⃣ Forced closures of overly optimistic long positions
Did you weather this sudden market downturn? Share your entry point or profit/loss figures in the comments! #CryptoVolatility FuturesTrading #BMT SLERF #MarginCalls ExchangeUpdates #DigitalAssetNews
Note: This post contains third-party views. It is not financial advice and may include promotional material. Please refer to the platform's terms and conditions for more information.
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Gate recently adjusted the minimum price increment (tick size) for several futures contracts, including $BMT, $SLERF, and $LOKA. While this modification doesn't directly impact asset prices, it can spark momentary turbulence, particularly for low-liquidity tokens, due to algorithmic trading and API-based systems.
The sharp decline observed in cryptocurrencies such as $BMT, $SOON, and $ME today appears to be a result of multiple factors:
1️⃣ Algorithmic responses to the revised tick sizes
2️⃣ Thin markets coupled with panic-induced sell-offs
3️⃣ Forced closures of overly optimistic long positions
Did you weather this sudden market downturn? Share your entry point or profit/loss figures in the comments! #CryptoVolatility FuturesTrading #BMT SLERF #MarginCalls ExchangeUpdates #DigitalAssetNews
Note: This post contains third-party views. It is not financial advice and may include promotional material. Please refer to the platform's terms and conditions for more information.