Trump's crypto advisor: The DeFi lending credit crisis may evolve into a crypto liquidity crisis, which could spread to the CeFi sector

Trump's crypto advisor and Bitcoin Magazine chairman David Bailey posted on X platform: "The credit crisis in DeFi lending is evolving into a crypto liquidity crisis. If collateral cannot be used for margin calls or hedging failures, it is very likely to spread from DeFi to the CeFi space. This is the second round of impact brought by the 'October 11th crash.' I hope this does not happen, but please stay safe and avoid counterparty risk."