一个帖子引发的“币圈历史最大惨案”:币安宕机,“第三大稳定币”脱锚与惨烈的“铁索连舟”
Hua Er Jie Jian Wen·2025-10-12 09:46

Core Insights - The recent tweet by President Trump regarding tariff threats triggered a significant sell-off in the cryptocurrency market, leading to a loss of nearly $800 billion in market capitalization within hours [1][2] - Major cryptocurrencies like Bitcoin and Ethereum experienced drastic price drops, with Bitcoin falling 13.5% and Ethereum dropping over 17% [1] - The event is described as one of the largest liquidation events in cryptocurrency history, with over $20 billion in leveraged positions being liquidated [1][7] Market Reaction - The cryptocurrency market was already in a precarious state, characterized by high leverage and a significant amount of low-quality tokens, which diluted liquidity [3][5] - The sell-off was exacerbated by automated liquidation mechanisms triggered when prices fell below critical support levels, leading to a cascading effect of forced liquidations [5][9] Exchange Performance - Centralized exchanges (CEX) like Binance faced severe technical issues during the market turmoil, including system delays and order execution failures, which further amplified user losses [8][14] - In contrast, decentralized finance (DeFi) platforms like Uniswap and Aave managed to operate smoothly without technical disruptions, highlighting a stark difference in performance under stress [10] Allegations and Theories - There are allegations that the market crash was not merely a result of market behavior but rather a coordinated attack exploiting vulnerabilities in Binance's unified margin system [2][11] - The global third-largest stablecoin, USDe, experienced significant de-pegging, dropping to $0.65 on Binance while maintaining a higher value on other platforms, suggesting potential market manipulation [11][14] User Sentiment - User dissatisfaction with Binance has surged, with many reporting account freezes and failed stop-loss orders during the crash, leading to accusations of market manipulation [14][16] - Binance acknowledged the issues caused by "extreme market activity" but assured users that their funds were safe, although this did not quell the community's anger [16][19]