The crash this time was mainly due to several bad news coming together:

Some people panicked and, regardless of losses, threw all their cryptocurrencies out.

The global stock market is in shambles, with U.S. and Japanese stocks falling one after another, resembling a misery competition.

The situation in the Middle East is also lively, tense as if a fight is about to break out, leaving everyone on edge.

Another bad thing is that Bitcoin and Ethereum ETFs are seeing funds flowing out rapidly, like a dam bursting.

Everyone is getting involved, how can it not drop! This butterfly effect combined with a technical downturn! We can also commemorate today: 805, just like 312 and 519.