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Why did the leveraged token products of a major exchange suddenly plummet?
Watching the market suddenly reverse, the volatility of these structured products is indeed a bit crazy. Many traders are paying attention to the logic behind this decline—whether it's a shift in market sentiment or the mechanism of the product itself at work. Leveraged tokens have always been a big test in a bear market, especially when the coin price adjusts rapidly, and their destructive power can often be unexpected. This flash crash also serves as a reminder of how high the risk factor is for these types of products.