[Dovey Speculates This Crash May Be Due to a Major Liquidation on Binance] On October 11, crypto KOL Dovey stated that the recent market crash might be caused by a major institution using cross-margin on Binance being liquidated. She pointed out that USDe briefly dropped to $0.6 on Binance, while prices on other platforms remained relatively stable, and there was a noticeable divergence in volatility between tokens listed on Binance and those not listed. The specific reasons still require further analysis.