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LAB Violent Surge of 221%, Short Squeeze of $5.64 Million in 24 Hours
LAB briefly broke above $2.3 before pulling back, now trading at $1.65, a 221% increase in 24 hours. The futures market is fully "clearing out shorts":
· 1-hour liquidation of $2.55M (shorts of $1.67M)
· 4-hour liquidation of $5.41 million (shorts of $4.08 million)
· 24-hour total liquidation of $7.51 million, with shorts as high as $5.65M, accounting for over 75%.
Price retraced about 24% from $2.3, but shorts have been heavily damaged. Under extreme volatility, high leverage is hard to survive, pay attention to risk control. $LAB