Six Major Black Swan Events in the Cryptocurrency World
1. The February 2014 Mentougou Incident: Bitcoin Plummeted by 80%
In February 2014, the Mentougou incident was regarded as one of the most serious events in the history of the cryptocurrency world. At that time, the world's largest Bitcoin exchange, MTGOX, was hacked, losing nearly 850,000 Bitcoins, which accounted for seven percent of the total Bitcoin supply globally. This event not only caused the price of Bitcoin to plummet by 80% but also triggered a crisis of trust in the cryptocurrency market.
2. The September 4, 2017 Incident: Market Value Eroded by 80%
In 2017, the cryptocurrency market experienced massive fluctuations, with market value evaporating by 80% in just a few days. Investors suffered heavy losses during this crisis, but such experiences deepened the understanding of the complexities of the cryptocurrency market.
3. The March 12, 2020 Incident: Ethereum Plummeted to $80
On this heartbreaking day, the price of Ethereum crashed below $80. This event showcased the volatility and uncertainty of the cryptocurrency market; nevertheless, the belief in the immense potential and value of cryptocurrencies remained steadfast.
4. The May 19, 2021 Incident: 600,000 Contracts Liquidated
This was a shocking event where 600,000 contracts were liquidated overnight, causing countless investors to suffer significant losses. This incident once again reminded us that the cryptocurrency market is fraught with risks and uncertainties.
5. The 2022 Luna Black Swan Event: Crisis in the DeFi Sector
The Luna black swan event marked a significant turning point in the cryptocurrency market, triggering a major crisis in the decentralized finance (DeFi) sector, which had far-reaching effects on the market.
6. The 2022 FTX Collapse Incident: Crisis of Trust in the Market
The FTX collapse incident triggered a crisis of trust throughout the cryptocurrency market, severely impacting the market. Although the market has been relatively friendly to us this year, these tragic events have sounded the alarm, reminding us to remain vigilant at all times. As the industry continues to evolve, we look forward to the opening of new chapters.
The opportunity for the cryptocurrency circle is coming tonight! There are still 2 hours left before the big storm countdown, and the CPI tonight will be another sleepless night! Master Yin has a direction in mind, and if you are not sure, we can discuss it together! #币安ME开盘 #BTC投资案未获微软股东同意 $BTC $ETH
Thinking too much, the second shot is also a temptation, and there are third and fourth shots.
LIVE
宁赚小利不亏大钱
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I have to say, the dog is really good at playing. It plunged down sharply, and as soon as I saw the drop, I immediately bought the dip. There was a rebound, but it wasn't strong. Perhaps many people bought the dip, and then there was a second sharp plunge, which scared off those who bought the dip, leading to a real second rebound $ETH
Don't take too much, there might be a 20% pullback in the next few days.
LIVE
林逸ok
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Auntie's Order Analysis
Brothers, let's take another order from Auntie. Just now at 3880, I was knocked down together with you. Don't panic; it might be that I was too lucky last week and got a bit carried away. Today is Monday, and I haven't adjusted back from a pleasant weekend. This hit has woken me up. When making contracts, I can't be too casual; I need to keep reminding myself. Today, I made two orders for BNB and I'm still in the car. Auntie has set my stop loss. Now the overall trend of the bulls has been mostly swept away. The more you feel like it won't happen, the more it will. Follow the market; don't be a stubborn donkey. It's okay; if you can't beat them, join them and try again.
Auntie 3665 Long $ETH
Targeting 4000, fasten your seatbelts; the car is departing!
The views are一致. There will be a 20% pullback in the future, with Bitcoin falling to around 80,000 and Ethereum dropping to around 2,500.
LIVE
JOCK LEE
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Bearish
This is my updated script chart. Next, the probability of a downward fluctuation reaching 85,000 is 60%, the probability of dropping to 75,000 is 20%, and the probability of staying flat without dropping is 20%. My view hasn't changed; the downward fluctuation period is about 20 days, and the drop is expected to last around 10 days. Right now, I'm contemplating whether to clear out my altcoins; I currently have a lot of them. I'm curious about where to catch this needle, hehe, follow me for updates. On busy days, I post in the square three to four times, and on slower days, once every two days. Basically, if you've seen what I've posted in the square, you would definitely have known about the drop two days in advance and be prepared three days before takeoff.
Ethereum price may retest historical high within seven days
According to Cointelegraph, Ethereum prices are forming “structural changes” that could signal big moves are coming. Ryan Adams, host of the Bankless podcast, said Ethereum could hit new highs next week.
Ethereum’s all-time high is currently $4,878, which has been held since November 2021. To reach this high within seven days, Ethereum would need to rise 24% from its current price of $3,946.
Anonymous trader Pentoshi pointed out that Ethereum is undergoing structural changes and has begun to see consistent and large ETF inflows. He believes that Ethereum may soon retest its historical highs.
BTC has reached 98000 as expected. Last night at midnight, I mentioned that the higher the surge, the deeper the potential pullback. Aggressive traders can short at 98000, and this morning it has indeed reached 98! Currently, it seems that the upward pattern is ineffective, continuing to form lower highs. Spiraling down!
ETH, I initially thought it would directly go to 3850, but it still faces significant resistance at 3750. Now, we need to look back at the support at 3630. If it cannot establish support within this range, then this decline will extend to the next channel at 3530!
SOL has been the weakest, continuing to decline, unable to stabilize even at 240. There is still concentrated support at 220 in this drop, but it is likely to break. The next targets below could be 212 or even 205. After that, 200 will be the new defense for SOL!
A pullback in a bull market is an opportunity; the monthly golden cross has just formed, the better it drops, the better it will rise. Therefore, everyone should look short in the short term and bullish in the long term, with spot support, boldly shorting on rebounds!