A massive $70K long position on $LDO was liquidated at $1.542, triggering a sharp price drop that rattled the market.
The unexpected decline caught traders off guard, sparking a wave of liquidations as $LDO tumbled.
With volatility surging, all eyes are on $LDO—will it recover, or is the downward momentum set to continue?
The next move in $LDO could shape the market's direction in the hours ahead.