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#GateSquareAprilPostingChallenge The phenomenon of the collapse of SIREN/USDT prices amid rising Contract Volume (Trading Volume) and Open Interest
1. Short Selling Dominance (Empty Sell)The increase in contract volume does not always mean people are buying (Long). If volume spikes as prices fall, it indicates the aggressiveness of Short Sellers.
* Many traders open short positions (Short) simultaneously, exerting significant selling pressure on futures market prices.
* This pressure often spills over into the spot market, causing prices to "collapse" due to strong negative sentiment.
2. Long Liquidation Event (Mass Liquidation)
This is the most common cause. When prices drop slightly, traders who opened high-leverage Long positions will face margin calls or liquidation.
* Domino Effect: When Long positions are liquidated, the system automatically sells those assets into the market to cover losses.
3. Distribution by "Whale" (Whale