[Jiang Zhuoer: Beware of extreme market conditions and 'chain liquidations,' recommend using isolated margin mode for high-leverage trading] BlockBeats News, August 22 — Jiang Zhuoer, founder of the mining pool BTC.TOP, posted an article stating that at approximately 13:10 Beijing time today, the entire market experienced a minor flash crash. BTC, ETH, and various altcoins showed significant wick movements, and even non-crypto assets like crude oil simultaneously experienced short-term sharp fluctuations. He advises against using unified accounts to hold a large number of high-leverage long positions in altcoins, as under the cross-margin mode, if a single coin suddenly crashes by 50%, it could lead to insufficient account margin, triggering liquidations of other assets within the account. For high-leverage altcoin trading, he recommends using isolated margin mode to separate positions and prevent extreme movements in a single coin from affecting the entire account. Although isolated margin trading is relatively more cumbersome, at least in the event of extreme market conditions, 'only one position will be liquidated,' reducing the risk of the entire account being wiped out instantly. [Original link]