2025-05-20 00:55:05

A Review of the 519 Incident:

The evening of May 19, 2021, is remembered in the cryptocurrency world as "519 Memorial Day."
Bitcoin plummeted to 29,000, with a 24-hour drop of up to 34%; Ethereum was once cut in half, while Dogecoin and Shiba Inu fell sharply by 56% and 64% respectively. As market value evaporated, panic intensified, and the community was filled with lamentations.
According to Coin data, as of the morning of May 20, the liquidation amount reached 6.91 billion in 24 hours, with approximately 580,000 people liquidated, setting a historical high. Countless investors' wealth has been wiped out, turning from millionaires into "negative millionaires," with cries echoing in the live broadcast room, and the market is as merciless as a knife.
Is this crash an inevitable result of a bubble burst, or is it a manipulation orchestrated by individuals?
519 exposed the vulnerabilities of the crypto market and reminded everyone: behind the high profits, risks are always present.
But opportunities are also born in disasters - a few people buy the dip in panic, later realizing multiple times the returns.
519 is the node where countless dreams shatter, but it may also be the starting point for a few to reverse their fate.
Missing 519 is nothing to regret. The market is always in motion, and only by respecting risks can we welcome the dawn of the next bull market.
#BTC能否冲上11万？ #AI 代理板块市值回升 #山寨币季节指数升至24

BTC-2,08%

ETH-3,39%

DOGE-5,18%

SHIB-4,07%

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id5296

· 2025-05-20 03:42

A Review of the May 19 Incident: On the night of May 19, 2021, it was remembered in the crypto world as "519 Memorial Day." Bitcoin fell to 29,000, with a 24-hour drop of up to 34%; Ethereum was once cut in half, and DOGE and Shiba Inu fell sharply by 56% and 64%, respectively. As the market capitalization evaporated, panic intensified, and the community was filled with cries of despair. According to Coin data, as of the morning of May 20, the 24-hour liquidation reached 6.91 billion, with approximately 580,000 liquidations, setting a historical record. Countless investors saw their wealth drop to zero, turning from wealthy individuals into "negative millionaires," with cries persisting in the live channel, as the market was merciless as a knife. Was this crash an inevitable result of a bubble burst, or was it a manipulation by humans? The 519 incident exposed the fragility of the crypto market and reminded everyone: behind the high profits, risks are ever-present. However, opportunities also emerged from the disaster—few people bought the dip in panic, later reaping multiple returns. 519 is a node where countless dreams shattered, but it may also be the starting point for a few to turn their fortunes around. If you missed 519, there's no need to regret. The market is always in motion, and only by respecting risks can one embrace the dawn of the next bull run. #BTC能否冲上11万？##AI 代理板块市值回升##山寨币季节指数升至24#

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