2021 "519" Market Crash Compared to This Year!
The crash in 2021: First, it was at the end of a frenzied bull market, where altcoins generally experienced significant increases followed by severe valuation bubbles, leading to deeper subsequent corrections.
Second, China's sudden comprehensive ban on cryptocurrencies directly undermined market confidence, creating systemic risks.
Third, most Bitcoin holders were retail investors, lacking institutional support; at that time, a spot ETF had not yet been launched, and market depth was insufficient.
The situation in 2025 is completely different: First, if Bitcoin experiences a 50% correction, it will be seen as an "institutional pickup opportunity," as over 70% of circulating supply is locked by long-term holders, with institutional funds like ETFs becoming the main support force.
Second, today's decline is directly related to the Trump administration's announcement of "reciprocal tariffs," causing market concerns about escalating trade conflicts, which led to a continued decline in the Nasdaq index, putting pressure on risk assets.
Additionally, the abnormal fall has broken technical support levels, as if the main funds are utilizing tariff panic to create "panic selling aimed at the Asian trading session"; after European and American institutional funds enter the market, it may quickly recover.
