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Risk Warning:
The same team that previously maliciously triggered liquidations (in the SAHARA contract) is repeating the same play again. In the BTW contract, open interest increased from 2M to 60M shortly after the early hours of the 19th, a 30-fold jump in a short time. It is highly likely that they opened positions themselves and then withdrew the margin, thereby causing liquidation via high leverage. If you’re paying funding fees, stay away.