$USTC Current price around 0.01 for short positions!!

The story of this stablecoin has long collapsed; it now relies purely on speculation and contract trading to sustain itself, with a very fragile price. Its essence is dead: since it decoupled in 2022, it has not been a stablecoin anymore, with no practical use—just a highly volatile speculative chip.

Light market cap, easy to manipulate: this coin has very poor liquidity in the spot market, with a large portion of trades coming from futures contracts. Under this structure, the price can be more easily manipulated by large funds in the short term, rising quickly and falling even harder.

First target: 0.009, second target: 0.008

Set your stop-loss properly! #USTC