1 second, $120 million! At 6:05 PM, Binance BTC perpetual contracts experienced a sudden wick, with a 1.39% price swing. Within the same second, 14 large market sell orders were executed back-to-back, totaling $120 million at an average price of $77,231. What’s even more critical is that open interest plummeted simultaneously! This kind of large-scale clearing move by the whales is either a violent long liquidation or a chain reaction of leveraged positions triggering a cascade~ One second heaven, one second hell. Are you still on the ride? #BTC #Wick #Binance