Jiang Zhuo’er Warns of Extreme Market ‘Chain Liquidations’, Recommends Isolated Margin for High Leverage

The significance here is less the volatility itself than the mechanism being flagged: cascading liquidations, where forced selling in one position pressures others. That is a structural risk in leveraged crypto markets, and it affects the most leveraged participants first. The isolated-margin suggestion is a risk-management point, not a market call. Whether this remains a warning about tail conditions or becomes a description of current conditions is the open question worth watching.