Odaily News The Block researcher Steven posted on the X platform that it seems that dYdX’s insurance fund lost $8 million due to a high-profit trading strategy, which led to a large number of YFI liquidations a few hours ago. According to previous news, on-chain data analysis platform Arkham stated on the X platform that as YFI plummeted, approximately $50 million in open positions on dYdX were liquidated. Prior to this, nearly half of YFI’s open positions were opened on dYdX. Arkham added that typically YFI’s trading volume on dYdX is very low, but the surge in the token’s price over the past few days has seen its open interest peak at around $60 million.