Black swan events in the currency circle:

Mentougou incident: In February 2014, hackers attacked MTGOX, 850,000 bitcoins evaporated, accounting for 7% of the global total, and the price of bitcoin plummeted by 80%, causing a crisis of trust in the crypto market. The faith of the bulls collapsed and they were helpless.

94 incident: On September 4, 2017, the mainland China regulator defined ICO as illegal, the price of tokens plummeted, Bitcoin plummeted by 32%, and 100,000 people in the currency circle evaporated 160 million assets. The bulls trembled in this storm.

312 incident: On March 12, 2020, Bitcoin became a safe haven under the epidemic, but the price plummeted by more than 50% two days later. The bulls who regarded Bitcoin as a safe haven asset wanted to cry without tears.

519 incident: On May 18, 2021, the central bank issued a document stating that providing virtual currency trading services was suspected of being illegal. On the evening of May 19, the price of Bitcoin plummeted by 34%. The wealth of the bulls evaporated instantly.

Luna Black Swan Event: In May 2022, Luna and UST tokens collapsed, prices plummeted by more than 90%, and UST was decoupled. The crisis in the decentralized financial field has plunged the bulls into despair.

FTX Thunderbolt Event: At the end of 2022, the FTX exchange collapsed, and scandals such as chaotic internal management and misappropriation of customer funds were exposed. The cryptocurrency market has a crisis of trust, and the price of Bitcoin has plummeted by 75%, and investors' wealth has vanished.

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