Opinion: This extreme market crash may be caused by the liquidation of a large institution using cross-margin trading on Binance
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最新报道：According to Bijie.com, on October 11th, crypto influencer and Primitive Ventures co-founder Dovey posted on social media, speculating that the recent market crash was caused by a large institution (possibly a traditional cross-margin trading firm) experiencing a margin call on the Binance platform. While further analysis is needed, preliminary data indicates that the price of USDe on Binance plummeted to as low as 0.6, while prices on other exchanges remained relatively strong. Furthermore, there has been a significant divergence in volatility between tokens listed on Binance and those not.
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