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519 is repeatedly mentioned, not just because it fell hard, but because it made the entire market realize for the first time: the most dangerous thing in a bull market is never missing out, but thinking you won't get into trouble.
Years have passed, and the narrative has shifted repeatedly—ETFs, institutions, RWA, AI, stablecoins have all arrived—but the fundamental rule in the crypto world hasn't changed—leverage is too high, emotions are too heated, and the market will find opportunities to teach people to respect risk again.
519 is a scar.
It is also a reminder.
May everyone who has experienced it learn to live longer afterward.
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