#稳定币市场扩张 Yet again, there's a "flash crash"🤡, but the truth this time is—low liquidity was directly swept away by market orders, it's really not a big deal. CZ clarified very clearly that the BTC/USD1 trading pair has such thin liquidity that a single large order can instantly skew the price, then arbitrage bots quickly fix it, and no liquidation was triggered😅

But this instead exposes the core issue in the stablecoin market: the launch of new trading pairs is seriously disconnected from liquidity. USD1 is aggressively absorbing USDT, and arbitrage funds are flowing in and out of the lending market... It all looks prosperous but is actually just fragmented trading pairs "acting" out.

What’s truly worth paying attention to isn’t this false alarm, but how competitive the stablecoin track is now—BNB and the Solana ecosystem are desperately deepening their trading pair markets. If liquidity can’t improve, no matter how many premium activities there are, they’re just a harvest machine for retail investors😤🔥

The next "flash crash" is waiting somewhere in a corner of the liquidity desert.