LIGHT flash crash, the decline reached nearly 80%, who is really dumping the market???

$LIGHT is a recent high-profile contract token. On December 22, LIGHT experienced a flash crash within five and a half hours, with a decline of up to 77.7%, and a 24-hour trading volume of 2.13 billion US dollars, becoming the TOP3 in contract trading volume on Binance, second only to BTC and ETH. The market experienced extreme volatility, with prices plummeting from a high of 4.6 dollars to 0.78 dollars in a short time, and the market generally believes that the manipulators are leading the dump, completing a large-scale harvest. A total of 4.84 million US dollars was liquidated, and open interest (OI) dropped from 53.32 million US dollars to 18.79 million US dollars, but the positions increased again, indicating fierce capital competition.

Market sentiment and community emotions are sharply divided, with some investors claiming that the "bulldozer candlestick" is extremely abnormal and suspecting manipulation. Many users expressed panic and anger in the community, believing they have been harvested by the manipulators. The market's wait-and-see sentiment is rising, with the focus of discussion centered on the psychological support level of 1 dollar and the risk of total loss. #Lightdefi