Will the cryptocurrency market plummet or take off next? Let's take a look at the laws of history and perhaps find the answer.
Let's review the previous big drops:
Before the bull market broke out in 2017, after the "94 incident", Bitcoin was cut in half and altcoins fell by 80%-90%;
On March 12, 2020, Bitcoin fell by 63%, and altcoins generally fell by 90%-95%;
In September 2020, Bitcoin only fell by 20%, but the DeFi sector pulled back by 90%;
On May 19, 2021, Bitcoin was cut in half again, and altcoins fell by 80%-90%;
From March 2024 to now, Bitcoin has pulled back by 33% at most, and altcoins have still fallen by 80%-90%.
Logically speaking, it should rebound after such a big drop, but in recent days, there has been another big drop, and the market has fallen into panic. Yesterday, several people came to talk to me and said that some people lost 6 million, some lost 1 million, and some lost 3 million. Most people are losing money, some are book losses, some are real losses, especially those who added leverage and played contracts, their positions were blown up overnight. All the money they made before was returned to the market.
Now many people have lost a lot in the currency circle, and their tempers have become irritable, and they often quarrel with others. In fact, there is no need to do so. It is normal for others to have different opinions. The first step for a person to grow is to learn to accept different voices. Time will tell you who is right.
