TechFlow news, on March 21, according to HTX market data, ORCA's price surged to a high of $6.75, currently trading at $5.3994, with its 24-hour gain expanding to 238.14%.
Within the past four hours, ORCA contract liquidations reached $12.65 million, exceeding Bitcoin's $4.26 million and Ethereum's $2.52 million during the same period. Long positions accounted for $6.75 million in liquidations, while short positions saw $5.9 million, resulting in both long and short squeezes.
Following Upbit's announcement of listing ORCA, price differences across exchanges have widened to as much as $1.14—nearly 20%. Short funding rates have risen to 2% and remained elevated for four consecutive hours, likely due to Binance's suspension of withdrawals causing lower spot prices.
