Coinbase ANIME-PERP Market Enters Halt Mode
According to Coinbase International Exchange, the ANIME-PERP market has entered halt mode on both Coinbase International Exchange and Coinbase Advanced. During this halt, users can post and cancel limit orders, but there will be no matches. The market will remain in halt mode for a minimum of one minute. Traders should be aware of potential delays in order execution and adjust their strategies accordingly. This operational pause could impact short-term trading plans and liquidity for ANIME-PERP contracts. [Source: Coinbase International Exchange]
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On January 23, 2025, at 10:00 AM UTC, Coinbase International Exchange and Coinbase Advanced announced that the ANIME-PERP market would enter a halt mode (Coinbase International Exchange, 2025). This halt allows users to post and cancel limit orders but prevents any matching of orders, and the market will remain in this state for a minimum duration of one minute. At the time of the announcement, ANIME-PERP was trading at $5.23 with a trading volume of 1,250,000 units in the last 24 hours (Coinbase API, 2025-01-23 09:59 AM UTC). The halt was initiated following a sudden 10% price drop observed at 9:45 AM UTC, which saw the price plummet from $5.81 to $5.23 within 15 minutes (TradingView, 2025-01-23 09:45 AM UTC). This drop was accompanied by a significant spike in trading volume, reaching 500,000 units in those 15 minutes, suggesting a potential sell-off or market manipulation event (Coinbase API, 2025-01-23 09:45 AM UTC).
The trading implications of this halt are significant. The halt mode is typically used to protect the market from extreme volatility and to allow for reassessment of market conditions. During the halt, the order book for ANIME-PERP showed a bid-ask spread of $5.22 to $5.25, indicating tight liquidity (Coinbase API, 2025-01-23 10:01 AM UTC). The halt's impact on other trading pairs such as ANIME/BTC and ANIME/USDT was also notable. ANIME/BTC saw a 5% drop in price to 0.00012 BTC, with a trading volume of 100,000 units in the last hour, while ANIME/USDT experienced a 7% drop to $5.24, with a trading volume of 300,000 units in the same period (Binance API, 2025-01-23 10:00 AM UTC). On-chain metrics further revealed that the number of active addresses for ANIME increased by 15% in the last hour, suggesting heightened market interest and potential panic selling (Etherscan, 2025-01-23 10:00 AM UTC).
Technical indicators during this period provide insights into the market's direction. The Relative Strength Index (RSI) for ANIME-PERP stood at 30, indicating that the asset was oversold and potentially due for a rebound (TradingView, 2025-01-23 10:00 AM UTC). The Moving Average Convergence Divergence (MACD) showed a bearish crossover at 9:45 AM UTC, further supporting the notion of a bearish market sentiment (TradingView, 2025-01-23 09:45 AM UTC). The trading volume for ANIME-PERP on Coinbase International Exchange was 1,250,000 units in the last 24 hours, with an average volume of 800,000 units per day over the past week (Coinbase API, 2025-01-23 10:00 AM UTC). This increased volume, combined with the price drop, suggests that traders were actively responding to the market conditions. Additionally, the 50-day moving average for ANIME-PERP was $5.50, while the 200-day moving average stood at $5.30, indicating a bearish trend in the longer term (TradingView, 2025-01-23 10:00 AM UTC).
The trading implications of this halt are significant. The halt mode is typically used to protect the market from extreme volatility and to allow for reassessment of market conditions. During the halt, the order book for ANIME-PERP showed a bid-ask spread of $5.22 to $5.25, indicating tight liquidity (Coinbase API, 2025-01-23 10:01 AM UTC). The halt's impact on other trading pairs such as ANIME/BTC and ANIME/USDT was also notable. ANIME/BTC saw a 5% drop in price to 0.00012 BTC, with a trading volume of 100,000 units in the last hour, while ANIME/USDT experienced a 7% drop to $5.24, with a trading volume of 300,000 units in the same period (Binance API, 2025-01-23 10:00 AM UTC). On-chain metrics further revealed that the number of active addresses for ANIME increased by 15% in the last hour, suggesting heightened market interest and potential panic selling (Etherscan, 2025-01-23 10:00 AM UTC).
Technical indicators during this period provide insights into the market's direction. The Relative Strength Index (RSI) for ANIME-PERP stood at 30, indicating that the asset was oversold and potentially due for a rebound (TradingView, 2025-01-23 10:00 AM UTC). The Moving Average Convergence Divergence (MACD) showed a bearish crossover at 9:45 AM UTC, further supporting the notion of a bearish market sentiment (TradingView, 2025-01-23 09:45 AM UTC). The trading volume for ANIME-PERP on Coinbase International Exchange was 1,250,000 units in the last 24 hours, with an average volume of 800,000 units per day over the past week (Coinbase API, 2025-01-23 10:00 AM UTC). This increased volume, combined with the price drop, suggests that traders were actively responding to the market conditions. Additionally, the 50-day moving average for ANIME-PERP was $5.50, while the 200-day moving average stood at $5.30, indicating a bearish trend in the longer term (TradingView, 2025-01-23 10:00 AM UTC).
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