Many people are talking about 312. Let me summarize it for you. In fact, it was an event under a specific macro background. Let me tell you some very rare key factors of #312 that year:

1. The world is in chaos due to the new coronavirus epidemic

2. US stocks circuit breaker 3 times

3. Negative crude oil prices

4. Unplug bitmex network cable

5. Buffett cuts airline stocks

6. Dow Jones fell nearly 40%

7. Bitcoin’s maximum drop of 60% for two consecutive days

8. On March 11, stock markets in nearly 11 countries experienced circuit breakers.

These factors caused the 312 situation, and it was not the callback pin that caused such a large fluctuation, so there is no need to panic.

Just like the 9.4 incident, the current USDT emerged after the exchange was liquidated.