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Quant Drops 5.05% in One Hour to $236 as Long Liquidations Rise
Quant was up 2.83% over 24 hours, while $150,000 in long positions was liquidated across three major exchanges during the hourly decline.
Mentioned assets
Quant (QNT) fell 5.05% in one hour to $236 at 6:22 p.m. ET (22:22 UTC) on Sept. 28, extending a sharp intraday move in the cryptocurrency market.
The token dropped from $249 to $236 over the hour on Binance’s QNT/USDT spot market. QNT remained up 2.83% from 24 hours earlier despite the hourly decline.
Liquidations tied to Quant futures positions totaled $180,000 during the same hour across Binance, Bybit and OKX. Long positions accounted for $150,000 of the total, while short positions accounted for $30,000.
