Just took a look at the order book—the depth is paper-thin. A few large orders are posted there, and the moment you tap them, they slide. In times like this, I’d actually cancel my orders first—don’t think you can catch the bottom and end up somewhere halfway up the mountain.



I also just spotted an abnormal cross-chain bridge transfer on-chain. The transaction hasn’t fully finished confirmation yet, and online there are tons of people shouting “wait for confirmation”… Put simply, when liquidity dries up, price swings are big, and oracles are prone to errors too. Staying alive matters more than anything else.

Anyway, I’d rather keep my orders hanging with no position and not rush to grab that little rebound—who knows whether there’ll be another abnormal quote.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned