Do you remember the "3.12" in the crypto world five years ago? 【Five years ago today, a reminiscence of Bitcoin's "312 crash"!】
On March 12, 2020, the crypto community collectively lost sleep! Bitcoin halved in a day by 40%, dropping to $3,782 (heartbreaking price 💔), with market value shrinking by tens of billions of dollars, and everyone was liquidated to the point of questioning life!
Why did it crash?
1. The global pandemic triggered panic! Global stock markets plummeted, and even the crypto world sought cash for survival;
2. Leverage players were severely impacted, plummeting to the point of being unrecognizable;
3. Miners shut down and fled, selling coins to pay electricity bills…
What happened later?
1. Retail investors cut losses, institutions secretly bottom-fed (looking back, they made a fortune!);
2. Regulators frantically caught up, exchanges dared not act recklessly anymore;
3. Veteran investors realized: Don't go all in! Regular investments + lying flat is the way to go~
Who would have thought that two years later it surged to $69,000?! The sharper the drop, the crazier the rebound… 82977266606