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A Review of the 519 Incident:
The evening of May 19, 2021, is remembered in the crypto community as "519 Memorial Day."
Bitcoin plummeted to 29,000, with a 24-hour decline of up to 34%; Ethereum was once cut in half, and Dogecoin and Shiba Inu fell sharply by 56% and 64%, respectively. As market capitalization evaporates, panic intensifies, and the community is filled with lament.
According to Coin data, as of the morning of May 20, the liquidation amount reached 6.91 billion in 24 hours, with about 580,000 people liquidated, setting a historical record. Countless investors' wealth has been wiped out, turning millionaires into "negative millionaires," with constant cries in the live streaming room, and the market is as ruthless as a knife.
Is this crash the inevitable result of a bubble burst, or a manipulation by human intervention?
519 exposed the fragility of the crypto market and reminded everyone: behind the enormous profits, risks are always lurking.
But opportunities are born out of disasters - a few people bought the dip in panic and later achieved several times the return.
519 is a node where countless dreams are shattered, but it may also be the starting point for a few to reverse their fate.
Missing out on 519 is nothing to regret. The market is always moving, and only by respecting risks can we welcome the dawn of the next bull market.
#比特币披萨节#
On the evening of May 19, 2021, it was remembered in the crypto world as "May 19 Memorial Day."
Bitcoin fell to 29,000, with a 24-hour drop of up to 34%; Ethereum was once halved, and DOGE and Shiba Inu plunged 56% and 64%, respectively. As 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 about 580,000 people liquidated, setting a historical high. Countless investors saw their wealth drop to zero, turning from rich to "poor," with cries echoing in the live channel, and the market was as ruthless as a knife.
Was this crash an inevitable result of a bubble bursting, or a manipulation set up by humans?
May 19 exposed the fragility of the crypto market and reminded everyone: behind high profits, risks follow closely.
But in disaster lies opportunity — a few people bought the dip in panic and later achieved multiple returns.
May 19 is a node where countless dreams were shattered, but it could also be the starting point for a few to reverse their fate.
If you missed May 19, there’s no need to regret. The market is always in motion; only by respecting risks can one welcome the dawn of the next bull run.
#比特币披萨节#