📢 Gate Square Exclusive: #WXTM Creative Contest# Is Now Live!
Celebrate CandyDrop Round 59 featuring MinoTari (WXTM) — compete for a 70,000 WXTM prize pool!
🎯 About MinoTari (WXTM)
Tari is a Rust-based blockchain protocol centered around digital assets.
It empowers creators to build new types of digital experiences and narratives.
With Tari, digitally scarce assets—like collectibles or in-game items—unlock new business opportunities for creators.
🎨 Event Period:
Aug 7, 2025, 09:00 – Aug 12, 2025, 16:00 (UTC)
📌 How to Participate:
Post original content on Gate Square related to WXTM or its
#AERGO# This thing seems to be very popular recently. I saw someone say that 5 times people are shorting, and it's still continuing to pump. Why? I'm not looking at the market data, just saying.
The reasoning is simple; the farmers, who are crazy consumers, pump up the prices, causing the shorts to get liquidated. When the shorts are liquidated, they turn into buy orders, and then the farmers distribute at high levels to the buy orders from the liquidated shorts. Additionally, the butterfly effect leads to continuous liquidation of shorts, which is a problem of slippage. For example, a short position at 1 unit liquidates and turns into a buy order.
However, there are no sell orders at the price level of 1, which will lead to the short position needing to be closed at a higher price. This will cause more short positions to be closed.