#312

2020 '312' Incident Review

'312' usually refers to the cryptocurrency market crash on March 12, 2020, known as 'Black Thursday.' At that time, Bitcoin fell from around $7900 to $3600, with a 24-hour drop of over 50%, and the total liquidation amount reached $3 billion. This crash was triggered by global financial panic caused by the COVID-19 pandemic, with the crypto market plummeting in sync with traditional markets, and high leverage trading exacerbating the decline. Today's date marks the fifth anniversary of '312,' which may resonate with market sentiment or comparisons.

What '312' teaches us:

Every crash is the starting point of the next bull market.

But—

Do not bottom-fish too early.

Do not avoid bottom-fishing altogether.

Most importantly, survive.