The mainstream CEX has reached the WCT contract's maximum negative fee rate, with the 4-hour contract liquidation amount surpassing that of Bitcoin.

BlockBeats News, May 31st, according to HTX market information, WCT plummeted from $1.37 to $0.8 in the past 2 hours, experiencing a more than 40% drop.

According to Coinglass data, the WCT perpetual contract on major CEXs has reached the maximum negative funding rate, with most platforms showing a funding rate of -2%.

Currently, the total WCT contract trading volume in the past 24 hours has reached $3.4 billion, with a total open interest of $196 million across all platforms. In the last 4 hours, WCT contract liquidations amounted to $4.8 million, surpassing Bitcoin's $510,000 and Ethereum's $1.29 million in liquidation volume.

Source

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