Several phenomena observed in this market:
① People panicked because of the crash and sold their chips, exacerbating market volatility.
② When the overall value of tokens bottomed out and stabilized, people would invest in tokens that they believed had the potential to increase in value in the future.
③ Mainstream tokens recovered quickly during the recovery cycle and returned to their values before the crash.
④ Altcoins and other tokens recovered slowly and have not yet recovered to their values before the crash.