alot people dont undetstand what future contract is. most future contracts are not fullfilled and are already liquidated if it hits 100% margin. future is a form of gambling in which the house is the exchange platform. in past 24 hours, 630m usd worth of long positions have been liquidated, which means collectively these long positions have lost 630m to the house.

its the largest one after ftx crash. now with all these bearish news alot of people who dont understand the market manipulation is going to open short and when us market reopens, those short positions are going to be liquidated, and it is win win for the exchange platform since future contracts is a form of bet