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From the Mentougou incident in 2014 to the Deepseek shock in 2025, every turmoil in the cryptocurrency circle has made us profoundly feel the market's fragility and cruelty. These events are not just fluctuations in numbers, but tests of human nature, a blend of greed and fear, a game between technology and regulation. Even though every black swan leads to price fluctuations in the cryptocurrency circle, every decline is like a spring; each drop will only bring a higher rebound! Let's review some of the black swan events from 2014 to the present!

1️⃣2014.2 Mentougou Incident: Bitcoin plunges 80%. In February 2014, Mt. Gox, the world's largest Bitcoin exchange, suffered a hacker attack, losing nearly 850,000 Bitcoins, accounting for 7% of the total global Bitcoin supply at that time. This incident directly caused the price of Bitcoin to plummet from $800 to $100, a drop of up to 80%. The cryptocurrency market fell into an unprecedented trust crisis, and the Mentougou incident is considered one of the most serious events in the history of the cryptocurrency circle.