PANews, February 26 — Lighter announced the successful completion of its first practical test of LLP Strategies during a recent large-margin long liquidation event in the ARC perpetual contract. A trader established a massive long position in ARC, with an open interest totaling 50 million USDC, against approximately 600 counterparties including traders and market makers. The ARC contract belongs to Strategy 7, which is only capable of handling an ADL risk with 75,000 USDC LLP funds. As the ARC price declined, the large long position was forcibly liquidated on the order book for about 2 million USDC, then further ADL’d to LLP, and finally taken over by healthy shorts. Ultimately, the large trader lost about 8.2 million USDC, with LLP losses limited to 75,000 USDC, and the short side profited.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Bhutan Issues Gold-Backed Visas on Solana Blockchain
Bhutan now allows anybody to invest $10,000 into its TER token on Solana to receive a visa that allows them to stay and work in the country for 12 months.
TER launched in December and is backed by physical gold, custodied by a regulated bank and linked to the Gelephu Mindfulness City.
The
CryptoNewsFlash3h ago
[Midnight Market Briefing] Cryptocurrency market fluctuates... Bitcoin $67,658, Ethereum $2,049
The cryptocurrency market is experiencing chaos, with Bitcoin rising 0.91% to $67,658 and Ethereum increasing 2.45% to $2,049. The overall market capitalization is $2.338 trillion, with a trading volume of $128.7 billion. Among them, the DeFi market has slightly increased, while the stablecoin market cap has decreased. Investors are advised to focus on the performance of Bitcoin and Ethereum when building their investment portfolios.
TechubNews3h ago
Circle Earnings Surge as Allaire Ties AI to Stablecoins
Circle's quarterly earnings surpassed expectations, highlighting strong growth in USDC supply and onchain activity. CEO Jeremy Allaire emphasized the convergence of AI, blockchain, and stablecoins for future economic participation, leading to a 35% stock surge.
CryptoFrontNews3h ago
Today, the US Bitcoin ETF saw a net inflow of 5,847 BTC, while the Ethereum ETF experienced a net inflow of 51,705 ETH.
Odaily Planet Daily reports that, according to Lookonchain monitoring, today the United States Bitcoin ETF saw a net inflow of 5847 BTC, Ethereum ETF experienced a net inflow of 51705 ETH, and Solana ETF had a net inflow of 325262 SOL.
GateNews4h ago
Axiom promoter Devin apologizes to the community, previously releasing an "internal message" claiming that ZachXBT's exposure was not related to Axiom.
Axiom promoter Devin apologizes for supporting Axiom, acknowledging that he risked his reputation. He previously insisted on social media that Axiom would not be exposed and placed bets on Polymarket. However, Devin was not informed in advance about the information that would be exposed.
GateNews4h ago
