🚀 $BTC May 19th marks the fourth anniversary of 'Black Wednesday'; an analysis of the collapse's truth! 💥
Four years ago today, the crypto world experienced the most brutal '519 collapse' in history. In just a few hours, $BTC plummeted from $40,000 to under $30,000, a decline of over 25%; mainstream coins like $ETH fell by more than 50%. Exchanges crashed, withdrawals were restricted, and panic swept through the market. Countless investors went from wealthy to 'refugees' overnight, and the community was filled with cries of despair, wealth turned to dust. 😢
🕵️♂️ The truth behind the collapse: Was it a bubble burst? Or behind-the-scenes manipulation?
Trigger factors: Musk paused Tesla's acceptance of Bitcoin payments, and environmental controversies sparked sell-offs; the People's Bank of China reiterated the ban on digital currency payments, intensifying regulatory pressure.
Leverage liquidation: High-leverage players (such as Ethereum mortgage lending) faced bloodshed, with losses exceeding $8 billion.
Market sentiment: Fear dominated, exchange systems were overloaded, and liquidity crises intensified the collapse.
📊 Behind the secrets:
Overhyped bubble: At the beginning of 2021, $BTC surged to $65,000, leading to an overheated market.
Institutional sell-offs? Movements in old wallets triggered panic and amplified selling pressure.
Regulatory clouds: Signals of China's comprehensive ban on crypto trading shocked the market.
💡 Lessons and opportunities:
The 519 event is a tale of blood and tears, as well as a wake-up call. While leverage is tempting, risks follow closely. In the crisis, a few bought in at low prices, and later the bull market doubled their earnings! 🔥 Currently, $BTC firmly holds at $102,000, with a concentration of 8.2% hiding uncertainties. Will it break through $105,000 or pull back to $101,000? The direction is about to come! 📈
If you missed the 519 event, it's okay; the market never stops. Manage risks, seize opportunities, and are you ready for the next bull market? 😎 Follow
