A massive $57.5K long position on $DYDX was liquidated at $1.413, sparking a rapid price drop that sent shockwaves through the market.
The unexpected downturn caught traders off guard, triggering a wave of liquidations as $DYDX plummeted.
With volatility rising, all eyes are on $DYDX—will it recover or face further declines?
The next move in $DYDX is crucial as the market braces for more action.