Guys, I stumbled upon this old chart today, and it hit me hard.
On May 19, 2021, Bitcoin experienced one of the most brutal liquidity crashes since the "Black Thursday" on March 12, 2020.
Back then: Bitcoin had just listed on Coinbase and skyrocketed past $60k, creating massive FOMO across the market, with retail traders going all in using 50x, 100x leverage. The result... a single day saw the maximum price difference hit $11,506!
In just one day, it plummeted 47.3%, with a staggering drop of $13,500 from the peak to the trough! Countless high-leverage players were wiped out instantly, with positions worth millions, even tens of millions, evaporating in minutes. The liquidation machines were having a field day, and the blockchain was flooded with the blood of liquidations.
#2021