The biggest black swan in the history of the currency circle, 90% of people liquidated their positions on that day
March 8, 2020 ETH suddenly fell from $250 to $210, a drop of 17%. BTC fell from $9,200 to $8,300, a drop of 10%.
The rebound was going very well, but suddenly it fell, and everyone was panicking.
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March 9, 2020 The U.S. stock market announced its first circuit breaker, and the market plunged again ETH fell from $210 to $190, a drop of 10% BTC fell from $8,400 to $7,700, a drop of 8%
After two consecutive days of plummeting, the Air Force was having a great time, and the vast majority of the Air Force had closed their positions.
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March 10, 2020 - March 11, 2020 After two consecutive days of sharp declines, many people feel that the risk has passed, and many people have even opened too much.
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March 12, 2020 On the day of the crash, the drop was very severe. ETH dropped from $1,500 in the bull market to $150. I couldn't help but open a full position and go long.
99% of people feel that the opportunity has come and start going long
Everyone I know in the currency circle has already opened a long position.
As a result, there was a huge slump that night.
Due to the outbreak, U.S. stocks ushered in a second circuit breaker ETH fell from $190 to $120 that day, a drop of 37%. BTC fell from $8,000 to $5,500 that day, a drop of 31%.
My position was liquidated and I was desperate. I never expected that such a black swan would appear in the currency circle. I had never heard of it and had never seen it after years of speculating in currencies. Altcoins have even fallen nearly tenfold.
I think the currency circle is over, and there will never be a market again. This industry is over, this circle is over, everyone has liquidated their positions, and no matter how much margin you have, you can't hold it back. At this moment, I felt very relaxed, feeling that it was finally over and I no longer had to be so tired.
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March 13, 2020 Many people who believe in the currency circle have begun to buy the bottom again. There are still some people whose money has not been blown away, and they are starting to piece together things and continue to work hard.
Did you think this was over? You are still too naive.
ETH, which had rebounded to 145 dollars, suddenly inserted a giant needle directly to 87 dollars.
BTC, which has rebounded to 6230, immediately reached 3790 knives.
Who would have thought that the market that had taken away all my net worth last night would once again experience a plunge of nearly 50% the next day?
Altcoins even fell dozens of times.
I laughed at this time, luckily I exploded early.
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