This time, I narrowly avoided the extreme fluctuations of $LIGHT. I only opened a small position of 30u, so the loss was limited. But looking at others' trading records, those large losses are really hard to watch.

Honestly, the logic behind this kind of movement is a bit strange. From the candlestick chart, it completely contradicts the usual market supply and demand relationships. The sharp fluctuations in a short period, combined with abnormal trading volume, indeed make people suspect the possibility of manipulation.

The problem is, after such events happen, it often just becomes like this. Post-event compensation is usually symbolic. More importantly, the current regulatory framework of the industry still has significant loopholes. Without enough transparency and sufficient constraints, some major participants can easily profit through information asymmetry.

This is not to say that bans should be implemented across the board, but the market needs more rules and risk disclosure mechanisms. Every trader should be clear about who they are trading with, where the funds are flowing, and where the risks lie. Only then can we fundamentally reduce the harm of such extreme market conditions to retail investors.