Quant dropped by 18% after reaching a weekly peak with 250% gains, losing the $300 support level and falling to a low of $237. The market saw over $4.8 million in liquidations, with $3.5 million from long positions, while futures netflow plunged by 1120% to -$26.7 million. Open interest declined by 15% to $167 million, signaling a significant pullback from traders. The RSI remains around 69, suggesting buyers still have some control, but critical support to watch is $195 if selling pressure continues.
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