#稳定币危机 The intense fluctuations in the market always leave people on edge. This time, the big dump of crypto assets is due to a complex set of reasons. From Trump's tariff remarks to the decoupling of USD, and then to the liquidation of large institutions, each link is contributing to the turmoil. What is particularly concerning is that high leverage and Algorithmic Stablecoin have once again become the fuse that ignites the market. This inevitably reminds me of the collapse of Luna in 2022. History is always remarkably similar, yet it seems we have never truly learned our lesson.

As investors, we must always remain clear-headed. Behind ultra-high returns often lie huge risks, especially with those complex and hard-to-understand "innovative" products. Moderate diversification, controlling leverage, and maintaining liquidity—these simple principles should not be overlooked in any market environment. When everyone is frantically chasing returns, it might be the right time for us to pause and reassess the risks.

After all, in the financial markets, surviving is always more important than temporary high returns. Let us always maintain a sense of awe and move forward with caution and determination.