Aave gap approaches 70k ETH: Will DeFi face a "Lehman moment"?

Every market fluctuation, someone will shout "Lehman is coming."
But this time, the situation is indeed a bit delicate.
Aave's current gap is close to 70k ETH, which might just be a fluctuation in a bull market, but at a sensitive stage, it’s like a match.
The issue is not the gap itself, but how the market interprets it.
If the market believes:
“This is an isolated incident” → Risks are manageable
If the market believes:
“This could be a systemic problem” → Panic spreads
The essence of financial markets has never been facts, but expectations.
Currently, several key indicators remain stable:
* No large-scale bank runs
* Mainstream asset prices have not collapsed
* Funds have not fully withdrawn from DeFi
This indicates the market is temporarily choosing to "wait and see."
But don’t forget, the biggest risk in DeFi is "liquidity evaporating instantly."
Once a node fails, the speed can be very fast.
So, the real impact of this event is not now, but in the coming weeks.
In one sentence:
Aave hasn't failed yet, but the market is already pricing in "what if it fails." #Gate13周年现场直击