#美国消费者物价指数发布在即 The phenomenon I find most incomprehensible.

Are some participants already losing their rational judgment and completely becoming tools in the hands of market manipulators? This is worth deep reflection.

The fundamental attribute of stablecoins is value anchoring — they should not fluctuate. This should be a basic consensus among all market participants. Once stablecoins lose this characteristic, even the greatest gains become meaningless.

But the problem is, some people are still advising me to accept losses. But I’m not trading those altcoins. In a proper trading mechanism, the chips themselves should not depreciate — this is the most basic market logic.

From the perspective of the market ecosystem, when the stablecoin mechanism fails, cracks appear in the trust foundation of the entire trading system. This not only affects individual assets but also concerns the health of the entire on-chain finance.