[In-depth Liquidation]: 0.04788 Midnight Baptism - Who is watching your 'one mu and three tenths of land'?
Preface: I just cut my losses. Entered at an average price of 0.051, and handed over my chips around 0.0431. Looking at the $14.4 million net outflow, I admit I lost to this sudden 'precise strike'. But as someone who is used to looking at the underlying structure, I lay in bed wondering: Why did we clearly grasp the logic, yet still fail before dawn? 1. The $14.4 million 'exit penalty': Why are the whales cutting losses? Many people are staring blankly at the red and green bars in the screenshot, but I see a 'certain replacement'. Looking at the data: The trading volume is $22.2 million, but the net outflow is $14.4 million. What does this mean? It means that even with the Binance $90 million NIGHT prize pool dangling in front, those whales who were stuck at an average price of 0.0582 are still exiting without considering the cost.
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