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The US stock market continues its decline, with the Dow Jones Industrial Average falling by 1%
19m ago
Data: In the past 24 hours, the entire network has been liquidated for a total of $324 million, with long positions liquidated for $245 million and short positions liquidated for $78.2539 million.
56m ago
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Backpack: During a crash, if the account leverage is below 5 times, full compensation can be obtained.
BlockBeats news, on October 20, Backpack launched a cash subsidy plan for the market flash crash event on October 11. Basis trade (Spot-Contract Arbitrage) accounts: · Accounts with leverage lower than 5 times will receive a 100% subsidy; · Accounts with leverage higher than 5 times will receive partial subsidies based on leverage multiples and market conditions; · Users whose BTC lending positions were passively reduced due to ADL: 100% subsidy; · Funds deposited before settlement: 100% distribution; · All liquidation fees: 50% refund.