The more dangerous and volatile the markets become, the more traders will run to the safety of fiat and stablecoins, drawing their liquidity off the market and serving as dry powder once we hit bottom.
市场变得越危险、越不稳定，就有越多的交易员会跑到菲亚特（fiat）和stablecoins（stablecoins）的安全地带，将他们的流动性从市场中抽走，一旦我们触底，他们就会充当干粉。