In just one day, $1 trillion (approximately 7 trillion RMB) was wiped off the U.S. stock market, leaving a sea of red and investors bleeding out! At the same time, the crypto market wasn’t spared either, with $70 billion (approximately 500 billion RMB) in market value ruthlessly erased. Major coins like BTC and ETH took a heavy hit, and a wave of liquidations from leveraged positions came crashing in. Is this another Black Friday-style flash crash? Or the beginning of a bigger correction?