10 months ago today, crypto experienced one of its biggest “mysterious” crashes , and we still don’t have a clear explanation for it.
In just minutes:
-Over $19 Billion in positions were liquidated.
-Nearly $900B in market value was wiped out.
-Large caps dropped -70% almost instantly.
Traders were wiped out. Portfolios were destroyed. Confidence took a major hit.
And even after 10 months, we still don’t fully know what happened.
Majority of altcoins haven't recovered since then.
That crash marked the peak of the market’s uptrend. Today, Bitcoin is still around 50% below that level.
#crypto #bitcoin
In just minutes:
-Over $19 Billion in positions were liquidated.
-Nearly $900B in market value was wiped out.
-Large caps dropped -70% almost instantly.
Traders were wiped out. Portfolios were destroyed. Confidence took a major hit.
And even after 10 months, we still don’t fully know what happened.
Majority of altcoins haven't recovered since then.
That crash marked the peak of the market’s uptrend. Today, Bitcoin is still around 50% below that level.
#crypto #bitcoin