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This long wick candle has split me open, no wonder automatic position reduction occurred. However, did the platform's risk margin also use the Platform Token? Moreover, under the unified account, I have a lot of Spot gt positions, and with this long wick candle down, the Margin is also in trouble, which is difficult to handle.
Within minutes, the GT Futures price plummeted from a normal level close to the Spot price, reaching a low of 3.825 U.
At the same time, although the GT Spot price also fluctuated, it only dropped to 14.050 U at its lowest, resulting in a price difference of over 70% between the two.
Such an abnormal basis spread is extremely rare in financial markets; under normal market mechanisms, Arbitrage activities would quickly eliminate such a large price gap.
A senior trader stated: "I have been engaged in Crypto Assets trading for five years and have never seen such a large basis spread; this clearly indicates a problem with the market mechanism." The significant divergence between the Futures price and the Spot price is attributed to platform system or mechanism issues, rather than normal market behavior.