This time the black swan clearly did not drop as much as the previous times
Why could it kill so many people?
Mainly two points
1. Bitcoin's feeling of reaching 100,000 suggests a certain future trend
There are a large number of players and veteran investors
Putting a large amount of positions in ETH
And many people in Taiwan also put a lot of positions in ADA
Many of those who put money in ADA joined in 2022
Using leverage can increase profits
But one must also bear risks
This time, malicious liquidation + market manipulation
Led to 700,000 people being liquidated + 10 billion USD being consumed by the whales
Whether this time was orchestrated by Trump is unknown
Because once the funds are transferred to Coinbase Prime
We cannot understand how they are used
This time, many of the liquidated positions were low leveraged ADA or ETH
2. The widespread discussion on social media and the number of new entrants
With the election of the U.S. President
His promises at the Bitcoin conference were magnified and scrutinized
Abolishing CBDC, appointing the SEC chairman
Listing Bitcoin as a national reserve asset
This also made countless newcomers want to enter this market to make money
Most people have not experienced
The time when all tokens collectively
Dropped 30-40% in a day
Therefore, with social media spreading leverage + the media's exaggerated explanations
Many people and stories appeared before us through algorithms
In summary: I feel that this black swan in 203
Is about the risk awareness of new friends
And the awakening of the understanding of veteran investors
The world is still moving forward
Retail investors who believe in the narrative
Are buried in the long river of history $ETH