The black swan that occurred when Bitcoin was halved last time, 90% of people liquidated their positions on that day
March 8, 2020
ETH suddenly fell from $250 to $210, a drop of 17%. BTC fell from $9,200 to $8,300, a drop of 10%.
The rebound was going very well, but suddenly it fell, and everyone was panicking.
March 9, 2020
The U.S. stock market announced its first circuit breaker, and the market plunged again
ETH fell from $210 to $190, a drop of 10%
BTC fell from $8,400 to $7,700, a drop of 8%
After two consecutive days of plummeting, the Air Force was having a great time, and the vast majority of the Air Force had closed their positions.
March 10, 2020 - March 11, 2020
After two consecutive days of sharp declines, many people feel that the risk has passed, and many people have even opened too much.
March 12, 2020
On the day of the crash, the drop was very severe. ETH dropped from $1,500 in the bull market to $150. I couldn't help but open a full position and go long.
99% of people felt that the opportunity had come and started to go long. Even our air force group joined the ranks of bargain hunters under the leadership of the group leader.
Everyone I know in the currency circle has already opened a long position.
As a result, there was a huge slump that night.
Due to the outbreak, U.S. stocks ushered in a second circuit breaker
ETH fell from $190 to $120 that day, a drop of 37%
BTC fell from $8,000 to $5,500 that day, a drop of 31%
At that moment, I felt that the currency circle was over, there would never be a market again, the industry was over, the circle was over, everyone was liquidated, and no matter how much margin you had, you couldn't hold it back.
At this moment, I felt very relaxed, feeling that it was finally over and I no longer had to be so tired.
March 13, 2020
Many people who believe in the currency circle have begun to buy the bottom again.
There are still some people whose money has not been blown away, and they are starting to piece together things and continue to work hard.
Did you think this was over? You are still too naive.
ETH, which had rebounded to 145 dollars, suddenly saw a giant needle inserted directly to 87 dollars.
BTC, which has rebounded to 6230, immediately reached 3790 knives.
Altcoins even fell dozens of times.
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