"Although the recent unusual movements in the south korean digital asset market have attracted widespread attention, the overall impact may not significantly affect the global cryptocurrency market in the long term. The main reason for the flash crash can be attributed to short-term liquidity exhaustion due to panic selling by retail investors, especially against a backdrop of concentrated market trading volume and increasing political uncertainty. This situation can easily lead to drastic price fluctuations in a short time, but it has not fundamentally changed the market's fundamentals," stated Yu Jianing, President of Uweb and Honorary Chairman of the Hong Kong Blockchain Association. "Therefore, we can see that many cryptocurrencies have gradually rebounded after ‘pinning’ to low levels." (Huaxia Times)
业内人士：韩国数字资产异动并未实质性改变市场的基本面
Industry insiders: The unusual movements in south korea's digital assets have not fundamentally changed the market's fundamentals.
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