Next, will the cryptocurrency market plummet or take off? Let's find the answer through historical laws.
Reviewing the past few big drops:
2017: Before the bull market broke out, after the "94 incident", the price of Bitcoin was halved, and the altcoins fell by 80%-90%.
March 12, 2020: Bitcoin plummeted 63%, and altcoins generally fell by 90%-95%.
September 2020: Bitcoin fell less, only 20%, but the DeFi sector pulled back 90%.
May 19, 2021: Bitcoin was halved again, and the altcoins fell between 80%-90%.
From March 2024 to now: Bitcoin has pulled back by up to 33%, and altcoins have still fallen by 80%-90%.
Logically, with such a large drop, the market should rebound. However, the market has plummeted again in recent days, and panic has spread. Many people came to chat with me yesterday and revealed their losses: some lost 6 million, 1 million, and some lost 3 million.
Most people face losses, some are book losses, some are real losses, especially those investors who added leverage and played contracts, they may be liquidated overnight, and all the money they earned before will be returned to the market.
Now many people have suffered serious losses in the currency circle, their tempers have become irritable, and they frequently quarrel with others. In fact, this is completely unnecessary. Accepting different opinions is part of growth. Time will prove whose judgment is more accurate.
