How many black swan storms have you experienced?

1. February 2014 | Mentougou Incident: Bitcoin dropped by 80% overnight
At that time, the world's largest Bitcoin exchange, Mt.Gox, was suddenly attacked by hackers, and 850,000 Bitcoins were stolen—equivalent to 7% of the global total at that time. The price of Bitcoin plummeted from $800 to $100 in an instant, with a single-day drop of over 80%, completely shattering market confidence. "Men Tou Gou" thus became one of the most painful black swan memories in the crypto world.
2. September 2017 | China halts ICOs: 80% of market value evaporates in one day
Seven departments jointly issued a notice on "Preventing Risks of Token Issuance Financing," completely halting ICOs. On that day, Bitcoin fell from $4100 to $2800, a drop of over 30%, with a large number of projects collapsing and running away, leading to a nearly 80% shrinkage in the overall market value. Domestic projects rushed overseas, leaving countless investors with nothing.
3. March 2020 | Black Thursday: Ethereum almost fell to double digits
The COVID-19 pandemic has impacted global financial markets, with the US stock market experiencing multiple circuit breakers, and the cryptocurrency market is no exception. On March 12, Bitcoin plummeted from $8,000 to $3,800, while Ethereum fell from $288 to $88. A chain reaction of liquidations swept through the market, and panic sentiment reached its peak.
4. May 2021 | China's ban escalates: 600,000 people liquidated in one day
The three major associations jointly issued a statement reiterating that virtual currency business is illegal, causing Bitcoin to plummet from $42,000 to $29,000, with a maximum daily drop exceeding 30% (later rebounding to $37,000). Under the dual pressure of long and short positions, over 600,000 people were liquidated, with the liquidation amount reaching $7 billion, turning into a nightmare night for countless contract players.
5. May 2022 | Luna Crash: 40 Billion Market Value Instantaneously Went to Zero
The LUNA coin of the Terra ecosystem and the UST stablecoin mechanism malfunctioned, resulting in a death spiral. LUNA nearly fell to zero from a high of over a hundred dollars, with a market value evaporation of 40 billion dollars, dragging Bitcoin down from 40,000 to 30,000. Subsequently, several institutions, including Three Arrows Capital, went bankrupt and were liquidated, bringing the market close to complete chaos.
6. November 2022 | FTX Collapse: The Giant Exchange's Five-Day Downfall
The world's second-largest cryptocurrency exchange FTX was exposed for financial loopholes, quickly collapsing after a bank run and ultimately filing for bankruptcy. Founder SBF was arrested, and Bitcoin once again dipped to $15,000. The entire market has fallen into a deep crisis of trust and regulatory reflection.