The real reason for the 413 crash has been found!

In the early morning of April 13, the entire cryptocurrency market was red and blood was flowing. Especially for friends in Asia, when they woke up, their positions were gone and their money was gone. It was also called the 413 incident, but who would have thought that the next morning, there was another 414 incident, another 20% drop in a dream. 300,000 people were liquidated. Some people received the bloody chips, and some people thought that this little blood was acupuncture, and the big thing was still to come.

So what happened to this decline?

If you read the news, you probably think that the war in the Middle East caused the avalanche of cryptocurrencies, but isn't Bitcoin a safe-haven asset? The more chaotic the world is, the more it should rise. If you look at the media forecast again, it is said that miners want to sell the previously hoarded Bitcoin, so it caused a big drop.

Do you still remember what the excuse for the big drop before the last round of big rise was? That's right, Grayscale crashed the market! But everyone has seen the subsequent rise. Although it is called a big drop, the drop of Bitcoin and Ethereum is not that exaggerated.

From 70,000 to 60,000, the peak drop is only 15%.

Looking at the altcoins, the drop is basically more than 40%, and some are directly halved.

On the whole, this round of big drop is mainly due to the approaching Bitcoin halving. Everyone, including institutions, are not fully sure about the fluctuations during this period. As long as there is a slight disturbance, there will be big investors selling to avoid risks, causing the price of Bitcoin to fall. Especially the fight between long and short whales, once there is a short squeeze, large fluctuations are inevitable.

The fluctuation of altcoins is an amplified version of Bitcoin. Under the premise of unclear risks, holders will inevitably sell to avoid risks, which is also the main reason for the avalanche of altcoins.

If you still have ammunition in your hands, you can take out the remaining 50% to arrange your positions and receive this wave of bloody chips. There is a high probability that there will be a small correction after this round of sharp decline, but there should not be a big correction before halving.

For friends who have seen a sharp decline in Bitcoin, there is no need to worry. After halving, the shutdown price of the mining machine is more than 40,000 US dollars, so even if Bitcoin encounters a black swan event in this round, it is unlikely to fall below 50,000 US dollars.

Don't wake up and find that your positions are gone and your money is gone.