NFP witnessed extreme volatility in the past 24 hours, leading to significant liquidations on both sides of the market. The cryptocurrency surged 895% from $0.004412 to $0.04391 over 13 hours, triggering massive short position liquidations. However, this was followed by a sharp 82.36% decline within six hours, resulting in long position liquidations.
The intense price movements caused NFP's open interest to shrink by approximately 90% from recent highs. Despite the turbulence, the 24-hour contract trading volume for NFP briefly surged, placing it among the top rankings.
NFP Experiences Dramatic Price Swings, Triggers Double Liquidations
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