Today, March 12

The sixth anniversary of the "312" bloodbath in the crypto world. On March 9, 2020, the US stock market announced its first circuit breaker, becoming the biggest black swan at that time. Bitcoin (BTC), Ethereum (ETH), and almost all altcoins were "cut in half," and nearly all futures contracts were liquidated. Many seasoned crypto players still have lingering fears about what happened that year.

The "312" in crypto refers to the crash on March 12, 2020, with the following details:

March 8: BTC plummeted from $9,200 to $8,300, an 8% drop; ETH dropped from $250 to $210, a 16% decline. Bitcoin fell 10% that day, and most altcoins were cut in half.

March 9: BTC dropped from $8,300 to $7,700, a 2% decline; ETH fell from $210 to $190, a 9.5% drop.

March 10 and 11: Cryptocurrencies did not continue to crash; instead, they oscillated and stabilized, with many buying in heavily.

March 12: BTC crashed from $8,000 to $5,500, a 31% drop; ETH fell from $200 to $120, a 40% decline.

March 13: BTC rebounded to $6,200 but then dropped to $3,800, a 7% decline; ETH rebounded to $145 but then fell to $89, a 38.6% drop.

Back then, the lowest prices for Bitcoin and Ethereum were approximately $3,800 and $89, respectively. If you had successfully bought the dip and held until now, with BTC at $80,729 and ETH at $1,909, your holdings would have appreciated by 20.2 times and 20.4 times over five years.

Will history repeat itself? Stay on the sidelines and watch!