What is the difference between today’s 519 and the 519 of 2021?
2021:
1. At that time, it was the periodic end of a frenzied bull market, and altcoins had risen significantly, which is why there was such a deep drop.
2. The one-size-fits-all policies implemented domestically led to this.
3. At that time, Bitcoin holdings were still relatively dispersed, with many retail investors and no ETFs, and there were not many Wall Street institutions.
The current situation is completely different; if Bitcoin dares to halve, it would be equivalent to handing out chips, so at most it would just be a panic sell on this day.
2025:
Today’s trend is also related to the U.S. Treasury Secretary saying, "If negotiations fail, reciprocal tariffs will be restored." This move is connected to Trump’s recent comments about the "new tariff" issue, creating a certain level of panic. Nasdaq fell all morning, and U.S. stocks are expected to drop when they open tonight.
In summary, Ethereum's trend is weak, breaking through the normal oscillation channel, but it is believed that it is still a deliberate panic sell targeted at domestic investors by market makers, and it may recover after tonight.
