A staggering $90.2K long position on $DYDX was liquidated at $1.414, sending shockwaves through the market.
The sudden drop caught traders off guard, triggering a cascade of liquidations as $DYDX plunged.
With the market now in turmoil, all eyes are on $DYDX—will it find a floor, or will the downward momentum continue?
The next move in $DYDX will be crucial as the volatility intensifies.