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I just encountered a ridiculous situation. When checking the market, the sell price of a certain coin suddenly showed it could be sold for $40, but I didn't pay much attention and when I checked again, it was gone. At first, I thought I was being phished😅
But then I thought about it, and it actually shows that the risk detection mechanism of a major exchange is indeed working. Once such abnormal fluctuations are caught by the system, they are quickly corrected, which is a form of protection for retail investors. Although it may seem a bit overwhelming, from another perspective, the platform's ability to intercept these extreme prices in a timely manner is quite friendly to new users.
Honestly, ordinary users may not realize the importance of these warning and correction measures taken by the exchange. But for avoiding misoperations and slippage risks, it’s definitely worth a thumbs up.