Official rhetoric reality interpretation
"The entire market is fluctuating...is part of a normal market cycle" is misleading. It confuses the collapse of STBL caused by mechanism failure and fraud with "normal market fluctuations." There is a fundamental difference between Bitcoin dropping 10% and STBL dropping 80%.
"Liquidity rotation and leverage unwinding" acknowledges the facts, but distorts the reasons. Indeed, there is leverage unwinding and liquidity rotation, but this is because the project itself has lost trust, not a healthy "cyclical growth".
"The entire market is fluctuating...is part of a normal market cycle" is misleading. It confuses the collapse of STBL caused by mechanism failure and fraud with "normal market fluctuations." There is a fundamental difference between Bitcoin dropping 10% and STBL dropping 80%.
"Liquidity rotation and leverage unwinding" acknowledges the facts, but distorts the reasons. Indeed, there is leverage unwinding and liquidity rotation, but this is because the project itself has lost trust, not a healthy "cyclical growth".
