May 19th: From the Shadow of Liquidation to the Doubling of Assets in the Crypto World
Today I suddenly noticed the date on the calendar—May 19th, a number that once made the crypto world tremble.
Although four years have passed, the market has long forgotten that bloodbath, but my trading career is forever marked by this day.
Memory flashes back to that crazy night in 2021: Bitcoin led the entire crypto market into a steep decline, and my long positions in Dogecoin and SHIB were instantly wiped out in a 50% circuit-breaking drop.
I didn't even have time to supplement my margin, and my account assets were severed in half.
At that time, all my friends trading contracts were almost wiped out, and "exit declarations" popped up in the chat group one after another, while I stared at my positions going to zero and typed on the keyboard: "As long as the blockchain is still running, there is a chance for a comeback."
Today, four years later, the scars of the past have long turned into medals.
Not only has the huge pit of May 19th been filled, but the asset curve has also drawn a steep upward line amidst the alternation of bull and bear markets.
Perhaps this is the most brutal yet enchanting aspect of the crypto world—it can devour everything overnight, yet it always leaves a ticket for a comeback for those who persevere.
