Exactly 3 years ago, on March 12th 2020, bitcoin price crashed 50% in one day. ππ
What happened next was shocking! π³
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What happened next was shocking! π³
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πΈIn 2020, the COVID-19 pandemic had just begun to spread globally. π
πΈThis caused a widespread panic and uncertainty in financial markets which led to sharp declines in global markets... π
πΈAnd guess what? Bitcoin was no exception to this..
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πΈThis caused a widespread panic and uncertainty in financial markets which led to sharp declines in global markets... π
πΈAnd guess what? Bitcoin was no exception to this..
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In just one day, exactly 3 years ago.. bitcoin price took a horrendous nosedive.. dropping 50% (FIFTY PERCENT) in just one day. π»
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πΈThis caused a huge liquidation cascade on the once popular exchange BitMEX.
πΈ $750 million in bitcoin was liquidated in a matter of minutes.
πΈThis created a swift drop to the $3600 low... the exchange was then very conveniently closed for "maintenance" π
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πΈ $750 million in bitcoin was liquidated in a matter of minutes.
πΈThis created a swift drop to the $3600 low... the exchange was then very conveniently closed for "maintenance" π
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πΈAnother popular exchange at that time - Deribit also faced technical difficulties
πΈIn two months however bitcoin price completely recovered and proceeded to make new all time high some time later... ππ
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πΈIn two months however bitcoin price completely recovered and proceeded to make new all time high some time later... ππ
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πΉWere you there at that time? β°
πΉWere you panicking? π±
πΉOr were you buying like a real chad? π
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πΉWere you panicking? π±
πΉOr were you buying like a real chad? π
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