Blood flowing like a river! U-based perpetuals collectively crashed today

24h drop in the top 10 directly went crazy:

• $QUST -27.58%

• $BLUAI -17.26%

• $BRUS -17.08%

• $COLLECT -16.27%

• $RIVER -16.25%
……

Small-cap coins returned to the starting point overnight, yet the trading volume is still considerable, with funds crazily changing hands.

Is it a washout? Is it unloading? Or is it the darkest before the dawn of a new cycle?