Editors Note: This article comes fromChatting with Xiaozha (ID: xiaonazha88), reprinted by Odaily with authorization.
Editors Note: This article comes from
Chatting with Xiaozha (ID: xiaonazha88)
Chatting with Xiaozha (ID: xiaonazha88)
, reprinted by Odaily with authorization.
Of course, the global commodity market also fell together. Commodities such as gold, silver, and COMEX copper also plummeted; China’s A-share stocks closed lower, and U.S. stock index futures all fell during the Asian session.
BTC fell by 10,000 US dollars a day, which was unimaginable in the past, but now it is a 30% drop. It can only be said that Bitcoin is getting more and more expensive, and there is more and more room for it to fall.
Bitcoin has fallen so much, is the bull market over?
The bull market has plummeted, so you can hold the bargaining chips in your hand, dont hand them over during the plunge. Without a bargaining chip, the bull market really has nothing to do with you.
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If it rises too much, it will fall; if it falls too much, it will rise. It feels a bit like kneading noodles. If there is too much water, add noodles, and if there are too many noodles, add water.
In a bull market, the trend is upward, not always rising and not falling. Looking back at the last round of bull market, there were quite a few plunges. Jiang Zhuoer compiled a table of plunges in the last round of bull market, as shown in the figure below.
In other words, in the last round of bull market, BTC crashed 6 times. From the statistics of the 6 crashes, the largest drop was 45%, and there were 2 more crashes, with an average drop of 40%. At the same time, it is also noticed that the drop did not exceed 30% and was not counted into the crash.
After reading this statistical table, are you a little excited and a little scared? The excitement is that it can still rise, and the fear is that there will be more plunges.
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2. The big drop in 2021 is just the beginning this time
I saw a lot of people discuss where this plunge is in this round of bull market.
Some say its very similar to the 2017 bull market peak.
Dont be limited by poverty to limit the imagination of the bull market.
No matter what stage the bull market is in, after waiting for the big bull market for 4 years, the good show just started, and they tried to trick me into getting out of the car, but there was no door.
Friends around have not yet paid attention to Bitcoin, nor have they discussed Bitcoin. The phenomenon of a large number of media reporting on Bitcoin has not yet appeared, and the Fomo mood of people in a large range has not yet risen. It is just a small group of people. And many people in the currency circle are not happy yet.
However, the plunge in the bull market is indispensable. This 30% drop has not yet seen a 50% drop. Who knows if it will show up. If so, is your chip still your chip? Pay attention to risk control.
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3. Contract liquidation of 12.8 billion is a bargaining chip with blood
According to Coin data, more than 200,000 people were liquidated during this plunge, and the amount of liquidation on the entire network will be 1.99 billion U.S. dollars, equivalent to 12.8 billion yuan.
The contract is a money-making machine for a small number of people, and a wealth meat grinder for most people.
