YFI's price collapsed by almost 40% last night. As this occurred, $50M of YFI Open Interest on dYdX was wiped out.

18 Nov 2023, 11:39
YFI’s price collapsed by almost 40% last night. As this occurred, $50M of YFI Open Interest on dYdX was wiped out. Before that, dYdX made up almost half of the total open interest on YFI.

Same news in other sources

1
Arkham
ArkhamARKM #163
Twitter
18 Nov 2023, 11:40
Normally, YFI is very rarely traded on dYdX, yet the spike in price action over the past few days has seen Open Interest peak at $60M. Check out YFI’s token page on Arkham:
Normally, YFI is very rarely traded on dYdX, yet the spike in price action over the past few days has seen Open Interest peak at
Normally, YFI is very rarely traded on dYdX, yet the spike in price action over the past few days has seen Open Interest peak at $60M. Check out YFI’s token page on Arkham: https://t.co/G3nswpxUcQ