On February 3, the Crystal Market faced a serious fall, clearing the dollar’s cipher position within 24 hours of $ 2.3 billion. One of the alternative estimates has pointed out $ 80-10 billion. Is this a record break?
Many encryption influencers call the February 3 cryptographic crash in history and call it worse than the collapse of FTX and Terarna. One day.
What is the worst cryptographic collapse?
The take on which crash is the worst accident may vary depending on the methodology used. Looking at the fall of BTC, it may conclude that losing more than 50 % in a day that occurred on February 3, 2025 is much worse than a decrease of 13 %. Fall of 2020 than the fall of February 2025. But there is no reliable data to make sure it is true.
The crisis in 2022 was more severe in terms of liquidation than 2020 because it was related to the collapse of Terra Luna StableCoin and the closure of FTX replacement, but the BTC price was not reduced in two within 24 hours. It was.
Many news outlets argue that the recent fall has exceeded $ 2 billion in leverage decrypt clearing, but Bybit CEO’s Ben Zhou says that Bybit has seen only $ 2.1 billion. The Zhou was estimated to be $ 80-10 billion in the whole market. If he is right, the total liquidation may be larger than the liquidation of Covid, Terra Luna, and FTX shutdown.
Regarding the previous Bitcoin price crash, there was a fall that fell in 2011, 2013 and 2017. However, it is impossible to properly compare these shake -ups with those that have occurred in the 2020s, as the reliable data on these market crashes is relatively short.
In the first half of 2011, BTC prices were $ 2 to $ 32. In June, when the GOX mountain dropped below $ 20 following the largest encryption exchange hack at the time, the price dropped to $ 0.01.
Some people think that the BTC price is the worst fall. The price dropped significantly, but there was no collateral BTC trading. As a result, we were able to avoid serious losses. However, the funds of GOX users were affected. In one year, the price reached more than $ 10 and was completely recovered by 2013.
Crypto maxis keeps cool
Despite the blood of the market, veteran encryption enthusiasts and experts indicate that this fall does not mean the collapse of the market. Especially, considering that various markets are decreasing.
Interestingly, at the time of writing this article, the BTC price was nearly $ 10,000, accumulated about $ 9,000 after the bottom mark, and in effect more than half of the lost.
The rich father’s poor father, Robert Kiyosaki, called Crash Brutal. But he is the best time to be rich, with the world’s best assets (gold, silver, real estate, bitcoin, stock, bonds).
Traders who use leverage to amplify profits were the most suffering. Long -term Hodler recognizes that the price of BTC will recover, as he had done after his brutal crash. The momentum leading to the 2021 cryptographic boom began to be accumulated shortly after the market collapse immediately after March 13, 2020, and many people consider the ciphers as safe evacuation shelters in the turbulent era. It is shown. In less than two months, the BTC price approached the value before the sale in March.
Following the FTX shutdown, BTC lost a quarter of its value a few days. After short -term uncertainty, the price began to rise again, recovered completely in two and a half months, doubling in 13 months after the fall. The Terra Luna StableCoin collapse in May caused a decrease in BTC prices. It took more than 8 months to recover completely.
Binane CEO’s Richard Teng took X to remind the community that this catastrophic sale is not the first or not. However, TENG faced the opposition. Some X users criticized Binance by listing unusual Memcoin, and exchanges were called part of the problem. However, the meaning of the trend of Memcoin is another topic. The “passing” emotion (the word posted by TENG) is the current mainstream of the Crypto community.
