QNT drops 18% to $239 as profit-taking accelerates
- —QNT fell 18% in a day, losing the $300 support level
- —Spot trading volume dropped 33% to $474 million
- —QNT liquidations hit $4.8 million, with $3.5 million in longs
- —Open interest fell 15% to $167 million; futures netflow turned -$26.7 million
Why it matters: Continued profit-taking after a 250% rally could push QNT below $200 toward the $195 support.
Source: AMBCrypto