In the crypto world, less arrogance and more awe of the market. Looking back on the "Black Swan" events in the crypto world, every violent Fluctuation in the market is a huge test of investors' psychology and decision-making. From the Mt. Gox incident in 2014 to the Deepseek shock in 2025, every storm in the crypto world vividly reflects the market's fragility and unpredictability. Each event is not just a Fluctuation in numbers, but also a portrayal of greed, fear, technological and regulatory games. Although Black Swan Events always lead to dramatic price Fluctuations in the crypto world, each downturn also heralds a brighter future ahead! Let's review together several Black Swan Events from 2014 to the present.

1. 2014.2 Mt. Gox event: Bitcoin plummeted by 80%. In February 2014, Mt.Gox, the world's largest Bitcoin exchange, was hacked, losing nearly 850,000 bitcoins, accounting for about 7% of the global Bitcoin supply. The price of Bitcoin dropped from $800 to $100, a staggering 80% decline. This event became one of the most serious events in the history of the crypto world, bringing a crisis of trust to the cryptocurrency market.
2. On September 4, 2017, Chinese ICO Queue: Market value evaporated by 80%. On September 4, 2017, the People's Bank of China and seven other departments jointly issued an announcement to completely halt ICO financing activities. The price of Bitcoin dropped from $4100 to $2817, a drop of over 30%. This event led to a mass exodus of China's blockchain projects to overseas, causing significant losses to investors.
3. March 12, 2020, Black Thursday: Ethereum plummeted to $80. In 2020, due to the outbreak of the COVID-19 pandemic, there was a significant Fluctuation in the global financial markets, and all kinds of assets experienced a sharp decline. The cryptocurrency market was not spared, with Bitcoin dropping from $8,000 to $3,800, a decrease of over 50%; while Ethereum fell from $288 to $88. A large number of investors were liquidated on this day, and confidence in the crypto world hit rock bottom.
4. May 19, 2021, strengthened regulation in China: Over 60 people liquidated their contracts. On May 19, 2021, the China Banking Association and other institutions jointly issued a notice prohibiting institutions from engaging in virtual currency-related businesses. The price of Bitcoin dropped from $42,000 to $29,000, a decrease of over 30%, and quickly rebounded to $37,000. This event led to a large number of contract investors being liquidated, with losses as high as 7 billion dollars.
5. May 2022 Luna Event: The 'princess' of the crypto world collapses. In May 2022, Luna, the cryptocurrency of the Terra ecosystem, and the UST stablecoin collapsed, with Luna's market capitalization plummeting from 40 billion USD to zero overnight, and its price dropping from over 100 USD to almost zero. The price of Bitcoin also fell from 40,000 USD to 30,000 USD. In June of the same year, the Luna event affected Three Arrows Capital, causing Bitcoin to further drop to 10,000 USD.
6. November 2022, FTX bankruptcy: Global cryptocurrency exchange FTX plunged into a liquidity crisis, announced bankruptcy, and founder Sam Bankman-Fried was jailed. The price of Bitcoin fell to $15,000, and the entire cryptocurrency market once again plunged into a crisis of trust.
7. February 3, 2025 Deepseek Event: 710,000 people liquidated positions. On February 3, 2025, the emergence of Deepseek shattered the AI bubble in the US stock market and the crypto world, while the Trump administration imposed tariffs on multiple countries, triggering panic, funds flowed into the US dollar, and the cryptocurrency market plummeted significantly. The price of Ethereum plummeted to $2100, altcoins saw a substantial pullback, and 710,000 people were liquidated.
The market is like the tides, constantly changing and unpredictable. As an ETH smart contract developer, I was disillusioned by the various manipulations of the ETH Foundation, but after in-depth research on GT, I decisively chose to hold it long-term. I rely on dual-currency investments and staking for daily financial management, and also dabble in spot grid trading with a small amount of capital. In the crypto world, if you don't have an excellent circle and lack firsthand information, then I suggest you follow me.
deepseek is expected to be a thousand times