In 2020, the COVID-19 pandemic had just begun to spread globally. This caused a widespread panic and uncertainty in financial markets which lead to sharp declines in global markets... bitcoin was no exception to this.

In just one day, exactly 3 years ago.. bitcoin price took a horrendous nosedive.. dropping 50% (FIFTY PERCENT) in just one day.

This caused huge liquidation cascade on once popular exchange BitMEX. $750 million in bitcoin was liquidated in a matter of minutes. This created a swift drop to the $3600 low... the exchange was then very conveniently closed for "maintenance" :D (Its owner Arthur Hayes was sentenced to 2 years of probation for money laundering)

Another popular exchange at that time - Deribit also faced technical difficulties

In two months however bitcoin price completely recovered and proceeded to make new all time high some time later.

BTC PRICE CHART MARCH 2020

  • Were you there at that time?

  • Were you panicking?

  • Or were you buying like a real chad?

  • Amazing how the bull run started right after -50%, when most critics thought it was over.

#buildtogether #bicasso #crypto101 #antiscam #Bullish

LIKE ❤️ FOLLOW 🙏 COMMENT⌨️ SHARE🔗