Will the bloodbath in the crypto market trigger a black swan to end the bull market?
The crypto market has experienced dramatic fluctuations, with prices plummeting by more than 5%.
Yitai and Sona fell by 5.99% and 10.02% respectively, and other tokens fell by nearly 20%, and the market fell into panic.
In the financial market, black swan events refer to those extreme, rare but far-reaching events.
They are unpredictable, have a huge impact, and can only be explained after the fact.
In the cryptocurrency market, black swan events often lead to drastic price fluctuations, bringing huge risks to investors.
As early as two weeks ago when the price fell below $64,000, the big bull gave a view: this round of decline will inevitably hit the $55,000 line.
Now, we are standing on the threshold of $55,000, and the market has shown signs of rebounding, which seems to tell us that the shadow of the black swan has not descended.
From a starting point of more than $10,000, Bitcoin has run all the way to a peak close to more than $80,000. In this context, the current pullback is just a small adjustment, the market fundamentals remain solid, and there are no obvious crisis signals.
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