Markets· ★★· bearish·

EigenCloud drops 11% as bears tighten grip, longs take the hit

  • —EIGEN lost 11% amid sustained bearish pressure
  • —The selling pressure is concentrated in perpetual futures
  • —Spot buyers continue to resist the five-day downtrend in perps
Why it matters: The gap between spot demand and perp pressure raises the risk of further long liquidations.
#EIGEN
Source: AMBCrypto
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