Weekend Sell-Off Hits EdgeX’s Nasdaq-Linked Perp as $13M in Longs Liquidated

The recent weekend sell-off has significantly impacted EdgeX’s perpetual contracts linked to Nasdaq, resulting in the liquidation of approximately $13 million in long leveraged positions. Traders holding long positions were caught off guard as the market experienced a sharp downturn, leading to a cascade of liquidations and further contributing to the overall volatility in the cryptocurrency trading environment. This event underscores the risks associated with high leverage in trading, particularly in a turbulent market. source: https://www.coindesk.com/markets/2025/12/15/weekend-sell-off-hits-edgex-s-nasdaq-linked-perp-as-usd13m-in-longs-liquidated