BlockBeats News, August 22, founder of LPool (B.TOP) Jiang Zhuo'er stated in a post that around 13:10 Beijing time today, the entire market experienced a mini flash crash. BTC, ETH, and various altcoins all saw significant wicks, and even non-crypto assets such as crude oil also experienced sudden intense fluctuations. It is advised not to hold a large amount of high-leverage altcoin long positions in a unified account because in a cross-margin mode, if a certain coin suddenly flash crashes by 50%, it may lead to insufficient account margin, triggering the liquidation of other assets in the account.

If you want to engage in high-leverage altcoin trading, it is recommended to use an isolated margin mode, where positions are isolated from each other to avoid the entire account being affected by extreme price movements of a single coin. Although isolated margin operation may be relatively cumbersome, at least in the event of extreme price movements, "you only get liquidated on one," reducing the risk of the entire account being cleared instantly.