標題：Story（IP）和AI預言（ACT）代幣發生了大量20％的崩潰，隨後反彈

故事（IP）和AI預言（ACT）代幣發生了大量20％的崩潰，隨後在今天早些時候反彈。

The cryptocurrency market saw a chaotic scene earlier today as Story (IP) and The AI Prophecy (ACT) token saw a 20% crash and subsequent rebound. The exact trigger is still unclear, but the pattern has been linked to high trade volumes on Binance Futures.

今天早些時候，加密貨幣市場將故事（IP）和AI預言（ACT）代幣視為20％的崩潰和隨後的反彈。確切的觸發因素仍不清楚，但該模式與二元期貨的貿易量相關。

This comes after MANTRA’s OM token crashed 90% yesterday, and its co-founder blamed Binance.

這是在Mantra的OM代幣昨天墜毀了90％之後，其聯合創始人責備Binance。

While both ACT and IP are largely unrelated token projects, they saw similar patterns of crashing and rebounding at the same time.

儘管ACT和IP都在很大程度上是無關的代幣項目，但他們同時看到了類似的崩潰和反彈模式。

Both tokens saw massive drops of over 20%, which was linked to activity on Binance Futures. However, both tokens shot back up shortly after.

這兩個令牌的大量下降都超過20％，這與對二元期貨的活動有關。但是，兩個令牌不久之後都重新射擊。

At the time of writing, ACT had a 2.5% increase in the past 24 hours, while IP saw a 10.48% drop. However, over the past seven days, IP still saw a 168% growth.

在寫作時，ACT在過去24小時內增加了2.5％，而IP下降了10.48％。但是，在過去的七天中，IP仍然增長了168％。

For several months now, IP has been a top-performing asset, and its sudden drop sparked fear among holders.

幾個月來，IP一直是表現最佳的資產，其突然下降引發了持有人的恐懼。

However, the subsequent recovery suggested that the volatility was short-term.

但是，隨後的恢復表明波動率是短期的。

According to Coinglass data, over 1.27 million ACT futures trades were executed on Binance—more than double the second-highest exchange, BingX. Binance also holds over $20.4 million in ACT futures open interest.

根據Coinglass的數據，二元公司執行了超過127萬的ACT期貨交易，這是Bingx第二高的交易所的兩倍。 Binance還持有超過2040萬美元的ACT期貨開放利息。

This extreme concentration makes Binance a critical price discovery engine, especially for mid-cap tokens. When large positions are quickly liquidated—often triggered by stop-losses, margin calls, or algorithmic trading—it can create an outsized impact on underlying token prices.

這種極端的集中度使得binance成為關鍵的價格發現引擎，尤其是對於中型令牌。當大量職位快速清算時（通常是由停止損失，保證金電話或算法交易引發的），它可能會對基礎代幣價格產生巨大影響。

Futures markets now frequently surpass spot markets in volume and velocity. While this enhances liquidity, it also increases fragility. A liquidation cascade—where long positions are forcefully closed due to declining prices—can accelerate downward momentum.

期貨市場現在經常超過現貨市場的數量和速度。儘管這提高了流動性，但也會增加脆弱性。清算級聯由於價格下降而被強行關閉的清算級聯，可以加速向下勢頭。

Today’s synchronized drop in both IP and ACT suggests that excessive leverage and crowded positions may have triggered such a cascade on Binance.

當今的IP和ACT同步下降表明，過度的槓桿作用和擁擠的位置可能引發了這樣的融資。

These moves reaffirm that token prices, particularly for emerging or mid-cap assets, are increasingly shaped by derivatives markets. As more projects are listed on futures platforms early, volatility driven by short-term positioning rather than long-term value creation is becoming the norm.

這些舉動重申，令牌價格，尤其是對於新興或中型資產的價格，越來越多地由衍生品市場塑造。隨著越來越多的項目在期貨平台上列出，由短期定位而不是長期價值創造驅動的波動率正在成為常態。