On February 21, according to market data, the price of IP contracts on the OKX platform once reached 9 US dollars in the early morning of today, and the spot price reached 8.96 US dollars, an increase of about 550% from the low point on February 16, and the current quotation is 5.54 US dollars.

According to Coinglass data, the 24-hour liquidation of IP contract transactions on the entire network was 37.93 million US dollars, second only to BTC contract transactions (liquidation of 51.64 million US dollars), of which long orders were liquidated at 8.42 million US dollars and short orders were liquidated at 29.51 million US dollars.

At present, the funding rate of IP contract transactions on the entire network has returned to normal, and there is even a positive rate of 0.083% on OKX (the extreme negative rate of -1.5% yesterday).

More Information available in: https://cooldragon.io/