Today is May 19th, let's educate newcomers:

On May 19, 2019: Bitcoin plummeted nearly 10% that day, and other mainstream cryptocurrencies followed suit. The market generally believed this was related to a large sell order triggered by the Bitstamp exchange, causing a chain reaction of leveraged liquidations.

On May 19, 2021: The three major financial associations in China jointly issued a risk warning for cryptocurrencies. Coupled with global regulatory concerns, Bitcoin's one-day drop exceeded 30%, and the total liquidation amount across the network reached hundreds of billions of dollars.

I know some brothers have screenshots of the crash from that day, feel free to share them in the comments #BTC