312

March 11th New strategy "Morning News" to understand the currency circle in 60 seconds every day

1. Today the dragon raises its head, tomorrow at 312, Bitcoin will fall below 68,000 US dollars in a short time, and Ethereum will fall below 3800 US dollars in a short time.
2. MATR1X FIRE project token FIRE increased by 15%
3. Justin Sun’s address received 7 billion FLOKI from Poloniex multi-signature wallet
4. PYTH briefly exceeded $0.78, with a 24-hour increase of 10.4%
5. Due to legal concerns, Arbitrum DAO withdraws its proposal to donate millions of dollars to Tornado Cash developers
6. Circle minted 250 million USDC on the Solana chain
7. The U.S. dollar capacity of Lightning Network payment channels reached $325 million, a record high
8. Overview of unlocking data this week: Arbitrum will unlock approximately $2.3 billion worth of tokens
9. The size of the Federal Reserve’s balance sheet has dropped to around US$7.5 trillion, with a total balance sheet reduction of US$1.2 trillion over the past year.
10. Wemix Network built by game developer Wemade has integrated Chainlink CCIP on the main network
11. PYTH pledgers and pledge volume show a downward trend. Affected by the rise in currency prices, the value of pledged tokens exceeds 1 billion US dollars.
12. The KUKU souvenir treasure box on the MATR1X platform will be launched soon.

Follow the new strategy on Twitter @xincelue, @18519865qwe for simultaneous updates #每天60秒读懂币圈 #BTC #312

The '312' in the Crypto World: A Synonym for Historical Crash
#国际油价下跌逾10% #312 #恐慌与贪婪指数 $BTC
312 = March 12, 2020, is a legendary crash in cryptocurrency history, the darkest day in the crypto world, and a symbol of risk and reverence.

1. What Happened That Day
- BTC: From about $8000 → Lowest $3800, a drop of over 50% in 24 hours

- ETH: From about $200 → Lowest $90, a drop of over 50%

- Total liquidation: About $3.45 billion, over 100,000 people liquidated, 2-3 times leverage also got forced liquidated

- Platform paralysis: Exchanges like BitMEX crashed and lagged, users unable to operate, panic intensified

2. Why Did It Collapse (Multiple Strikes)

1. Global Panic: The outbreak of COVID-19, U.S. stocks triggered circuit breakers twice in one week, global assets resonated and crashed
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2. Oil Crisis: Saudi Arabia and Russia's price war, oil prices plummeted, exacerbating the liquidity crisis
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3. Leverage cascade: The market had high leverage (5-10 times), the drop triggered a chain of forced liquidations, forming a 'death spiral'
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4. Liquidity exhaustion: Sell orders piled up, buy orders disappeared, prices in free fall

3. Far-reaching Impact on the Crypto World

- Became a milestone in risk education: Reverence for the market, strict control of leverage, leaving enough cash
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- Promoted industry maturity: The explosion of DeFi, institutional entry, liquidity and risk control upgrades
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- March 12 every year became a day for review, warning against the reoccurrence of extreme market conditions

4. Current Significance

- A PTSD memory point for veteran players, reminding that 'black swans may come at any time'
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- A classic risk case that every newcomer must learn: Leverage is a double-edged sword, extreme market conditions are unreasonable.