Papertrade open-position margin drops 68% to $6.4M in 24 hours
- —Open-position margin fell from $20.29M to $6.4M in 24 hours
- —Open interest dropped from $3.3B to $510M (-85%)
- —Platform TVL declined 37% to $62.6M
- —Cumulative nominal trading volume exceeded $770B
Why it matters: The sharp drop in margin and open interest points to mass position closures and capital leaving the platform.
Source: TokenPost