The recent drop has driven many people away from this hellscape!
Global black swan events have emerged!
The Nasdaq fell 4% in a day, Bitcoin dropped by $20,000, and altcoins generally saw declines of over 50%, with many going to zero, directly causing stablecoins to decouple. In the past 24 hours, a total of 1.51 million people globally have been liquidated, amounting to $13.5 billion. Once again, a historic black swan 1011 has occurred.
The cause should be well known to everyone, the game of rare earth elements and tariffs between two superpowers has caused panic in the entire financial circle. This time, the impact of tariffs on the cryptocurrency market is unprecedented. The entire drop did not take 30 days, nor 3 days, but was completed in just 30 minutes, leading to massive liquidations and decouplings, resulting in the collapse of altcoins occurring in an instant, almost wiping out all the long positions. Moreover, it was a complete cleanup, because in the past, losses occurred while prices remained low; this time, you lost everything, and the prices went up again, leaving you with no opportunity for a comeback. I believe this market situation has caused many, many, many people to completely leave this circle, constantly reminding themselves that cryptocurrency is an extremely brutal market. #加密市场回调
