519

I've always had a question: in situations like this, can those who are shorting just retire directly? As long as they have two or three short positions, wouldn't that be their retirement fund secured?
#黑天鹅 #519

Brothers, let me tell you about the unforgettable 519 black history
Exactly five years ago today, on May 19th
The market experienced an epic crash

At that time, Tesla suddenly announced a pause on Bitcoin payments
Plus, news of tightening regulations spread across the network
Multiple negative factors piled up, triggering a massive wave of leveraged liquidations

The scene was truly unbearable
Just the day before, Bitcoin was firmly standing at a high of 43k
But then, in a single day, it plummeted over thirty percent
In just twenty-four hours, the entire crypto space evaporated over 300 billion in market cap

Ethereum, BNB, and other major coins all followed suit in a sharp decline
Countless long positions were crazily liquidated, with liquidation amounts nearing 10 billion
Even the related sectors in the US stock market collectively weakened
The market instantly fell into extreme panic, and everyone was freaking out

This day is forever etched in the minds of seasoned players, known within the circle as Black Wednesday

However, markets always tend to reverse extremes
After the crash, the charts moved into an extremely oversold territory
The weekly chart even showed a MACD triple bottom divergence
Emotions and positions were fully digested and ready to build up
After that, the second wave of the bull market began with a massive rally

#519 $BTC

$HYPE $ETH $LAB

Last week's market was an absolute disaster; Ethereum plummeted by hundreds of points in just two days, smashing market sentiment to rock bottom.

Scrolling through the plaza, I saw some getting liquidated, others delivering takeout, and even some exiting the game... Brothers, does it hurt? You bet it does. Watching your portfolio shrink, it's a heart-wrenching experience. But if you think this is the worst it can get, I can only say that you haven't faced enough beatings yet.

Check out this chart; it's the eternal nightmare for seasoned crypto investors—the 519 incident in 2021, and last year's 1011. Even if you were using 10x leverage, you still got wrecked.

Many can't accept the reality that spot trading reigns supreme. They think that without leverage, the thrill of getting rich quick is lost, forgetting that in the crypto space, lasting longer is ten thousand times more important than making a quick buck. There are plenty of rags-to-riches stories in crypto, but what makes you think you're the one in a million destined for greatness?
#519 #加密货币 #BTC

2021 was a wild ride. Today marks the 5th anniversary. $BTC $ETH $BNB #比特周周 #519