
Benson Sun|Oct 20, 2025 03:15
I didn't want to say anything more,
But seeing some obvious traces of 'washing the floor', I still couldn't help but want to raise my mouth.
Someone started to take the wind and said, "Why is it only targeting one exchange? Other exchanges are also having problems
The answer to this question is actually the simplest——
Because it is the epicenter, others were only swept by aftershocks.
A certain place is the boss of an offshore place,
Only it has the ability to make the entire offshore market 'price deviate' from the fiat currency.
The price discovery in the USDT market always starts from it.
The transmission path of price is very clear:
Exchanges with pricing power move first, while other exchanges passively follow.
Unfortunately, on October 11th,
The prices of multiple USDT pairs on a certain exchange are also much lower than those of other offshore exchanges.
This is like the epicenter collapsing on its own,
The shock wave only spread outwards, dragging other exchanges down together.
So the most reasonable inference is:
If it weren't for its abnormal pricing, other peers wouldn't have been affected so badly.
In other words, the lowest price of USDT trading pairs should not be much lower than that of USD trading pairs,
And this price gap is the key trigger for large-scale liquidation.
It's like a sports arena catching fire, killing thousands of people,
The small building next door was also affected and caught fire, with casualties.
What do you think a normal person would do?
I will hold accountable the safety management, fire-fighting equipment, and evacuation mechanism of the sports arena,
Or should we blame the property management team of the neighboring building that was affected?
Then the gymnasium turned a blind eye to those who were burned to death,
Symbolically giving some dog skin ointment to the burned person,
I could have used this budget to advertise, but now I should be grateful for allocating money to you.
Later, someone came out to help: "There's also a fire next door, why didn't you guys go and make a fuss? And they didn't give out dog skin ointment
Do you know——
The property owners next door are all about to explode with anger.
They are clearly victims, but they are being used as a shield.
The gym owner is still working hard on public relations,
Go and personally comfort those who have received dog skin ointment,
Put on a posture of 'the world is truly beautiful, there is love in the world'.
As a result, the families of the deceased in the neighboring shed,
The white cloth strips were all lifted up to the sky,
He didn't even glance.
The most ridiculous thing is that,
The gymnasium clearly burned thousands of people to death,
The officially announced death toll,
It was actually pushed back with the phrase 'several bodies can be lifted out in a minute'.
Finally, it was announced that only over a hundred people lost their lives.
Will you believe what you hear?
The entire sports arena has lost thousands of people,
But you told me that only over a hundred people died?
If you think the above farce sounds absurd,
Let me tell you, this is the current reality of CT in the Chinese speaking community.
As a person with relatively normal values,
I couldn't sleep well for a whole week last week,
It's because I've watched this soap opera that's like poop constantly being performed.
Many high-level people in the industry choose to see through and not speak out, quietly watching this farce.
Some KOLs who are not familiar with the exchange business and have expertise in other fields are being influenced and washed away together,
Don't blame them - after all, they really don't know what they're doing.
And those who are clearly aware of what has happened but deliberately lead the way,
I just want to say that everything has a Karma, and when the grand scheme of history strikes, the boomerang of karma will fall on you.
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