Author: @wildPiPiLu Editor: Colin Wu At 7:42 pm (Beijing time), USDC/USDT declined around -9.58% in one day. It is still difficult to judge that this is the endpoint of decline, but from a technical perspective, a bullish candlestick at 4 pm boosted market sentiments and suggested that more and more people are forming a consensus — after the market access to the news of 3.3 billion losses, USDC did not fall into a death spiral like UST.