13M Liquidated in Nasdaq Futures Sell-Off

Weekend Sell-Off in Nasdaq-Linked Futures Market Leads to $13M in LiquidationsA significant sell-off in a Nasdaq one hundred linked futures market on EdgeX resulted in approximately $13 million in liquidations, highlighting the risks of trading these equity-index contracts during off-hours. A new digital wallet initiated a six-hour selling spree, shorting nearly four hundred XYZ one hundred contracts, causing the price to drop by over three and a half percent in minutes and triggering automatic liquidations. Traders questioned market manipulation during off-hours, while others emphasized the inherent risks of trading tokenized stock products outside of regular market hours.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.