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Pendle Oracle Move Liquidates $36 Million
Published Source: The DefiantRead original
Crypto Insight Summary: A wallet bought yield tokens in a $9 million Pendle pool, pushing the principal token price down 2.8% and clearing out looped positions on a Morpho market carrying $52 million in borrows. No bad debt was incurred. Crypto Insight Analysis: Direction: Bearish PENDLE Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: Large liquidation caused price drop but no bad debt, impact contained.