Venus (XVS)

XVS plummeted 40% in one day ($5.3→$3.1).
A whale that only two days ago bought 532,000 $XVS ($2.81M) on Venus through a loop loan was liquidated for 287,000 XVS ($930k) in the flash crash that began an hour ago today, incurring a loss of up to $1.09M...

◎Two days ago, he only collateralized XVS on Venus to borrow USDT and continued buying XVS, borrowing a total of 1.4M USDT to purchase 532,000 $XVS ($2.81M).
◎As a result, today XVS flashed down 40% ($5.3→$3.1) in one day, and this whale’s leveraged position was liquidated for 287,000 XVS an hour ago to repay 930k USDT, with a liquidation price of $3.23 per XVS.
◎After the liquidation, his position remains extremely risky, with a health factor of only 1.07. If XVS falls further below $3.2, his position will be liquidated again.

Address: https://t.co/vMQtM9efrB

$XVS 🔥

XVS is looking surprisingly strong here.

Price has fully recovered after the October 10 crash and the structure still looks like a large correction or consolidation phase.

This setup resembles a textbook falling wedge, and price is now approaching the point where a breakout becomes likely 👀
#XVS #Crypto

$XVS 1W update

Looks surprisingly strong 🧐

Fully recovered from the October 10 crash, still looks like a giant correction/consolidation

To me this looks like a textbook Falling Wedge and we’re approaching a breakout https://t.co/UD5VRnWicE