NFP Completes Long-Short Squeeze in Past 24 Hours, OI Shrank 90% from Short-Term High

CoinFeed July 2 news, according to on-chain analyst Ai Yi monitoring, NFP appeared on the contract trading volume list within 24 hours. Since yesterday afternoon, it surged 895% in 13 hours (from $0.004412 to $0.04391), then plummeted 82.36% in the following 6 hours. Long and short positions were both liquidated, and open interest shrank 90% from the high point. Previously, Binance announced that it will delist NFP on July 10.