At 08:00 UTC, $SYS suddenly crashed without any warning.
No news. No announcement. Just a huge candle that dropped 22% in 1 minute.
20.7M SYS was sold and $51.5K in long positions got liquidated instantly.
Then the whole delisting group started falling:
$ATA -38%
$SYS -35%
$MLN -30%
All dropped at almost the same time.
Over the next few hours, $84.2K in retail longs got wiped out, while only $21.3K in shorts were liquidated.
Most traders were heavily long and had no idea what was coming.
Then 63 minutes later, Binance officially announced the delisting.
Some bots reacted at 08:00.
Retail users only found out at 09:03.
That 63-minute gap changed everything.
