The recent cryptocurrency market conditions can be described as "blood and rain". According to Hotcoin market data, on May 12, Bitcoin fell to a minimum of $26,700, with a maximum drop of more than 12% in 24 hours; Ethereum fell to a minimum of $1,800, with a maximum drop of more than 20% in 24 hours. At the same time, in the central area of the currency circle, the algorithmic stable currency UST was seriously decoupled from the US dollar, causing the market to panic for days.