On 3 February, the Crypto Bazaar faced a serious decline, with a leveraged crypto posts within 24 hours increased by more than $ 2.3 billion. One of the alternative estimates indicates $ 8 to 10 billion in crypto liquidity. Is this downfall a record-breaking?
Many crypto efficators called 3 crypto the worst crash in history on February, it is being said to be worse than FTX and Terra Luna or even saying that it is more serious than the Kovid-related dip, saying that it is more serious, Which loses bitcoin more than 50% of its value. Single day.
Which crypto collapse was really the worst?
Which of which accidents is the worst, which can be the worst based on the functioning used. Given the BTC price drop, we can conclude that the decrease of more than 50% in a single day is worse than a 13% decline on February 3, 2025. Some experts believe that the amount of liquidated leveraged crypto assets was high. Fall of February 2025 compared to one in 2020. However, we do not have enough reliable data to see if it is true.
The 2022 crises were more serious in terms of liquidity compared to Stabecrimage Fall and FTX Exchange Shutdown, although he did not see the BTC price shrinking in two within 24 hours.
Although several news outlets claim that the recent decline exceeded $ 2 billion in leveraged crypto liquidation, Bibit CEO Ben Zou said on X that Bibit only saw $ 2.1 billion in liquidation. Jhou estimated that the overall market liquidation is $ 8 to $ 10 billion. If that is correct, the total liquidated amount may be larger than the joint covid, Terra Luna and FTX shutdown liquidation.
For earlier bitcoin price accidents, there was a decline in 2011, 2013 and 2017; However, the relative shortage of reliable data about those market accidents makes it impossible to compare those shakeups in the 2020s.
In the first half of 2011, BTC cost $ 2 to $ 32. In June, when the price fell below $ 20 after hack of the largest crypto exchange at that time, Mount Goks fell to $ 0.01.
Some consider it to be the worst collapse of BTC value. Although the price declined significantly, there was no collateral BTC trading, which helped avoid serious damage. However, the funds of Mount Gox users were affected. In a year, the price exceeded $ 10 and was completely cured by 2013.
Crypto maxis stay calm
Despite the market bloodbeath, experienced crypto enthusiasts and professionals indicated that this collapse does not mean market collapse. Especially given that various markets are in decline.
Interestingly enough, as the time of writing this article, the BTC value again estimated $ 100K, deposited about $ 9,000 after the below mark, half of what has been lost effectively. Recovery of more than.
Amir Dad poor father writer Robert Kyosaki said cruel cruel. However, he reminded us that the best wealth (gold, silver, real estate, bitcoin, stock and bond) in the world are going on sale, and this is the best time to be rich.
The traders used the leverage to increase their profits. Long -term holes realize that the price of BTC will be cured, as was done after previous cruel accidents. The 2021 Crypto Boom leading the motion began to construct properly after March 13 2020, showing market collapse, showing that in turbulent times, many people see Crypto as a safe shelter. In less than two months, the BTC price reached that price before the sale of March.
After FTX shutdown, BTC was lost around a quarter of its value in a few days of case. After a short period of uncertainty, the price resumed, completely cured in two and a half months and doubled in 13 months after the fall. The collapse of Terra Luna Stabecrim in May led to a decline in BTC price. It took Bitcoin more than 8 months to recover completely.
Binan CEO Richard Teng took the X to remind the community that this horrific sales is not the first and will not be final, given that the overall BTC trajectory is ascending, disobeying periodic sharp decline. Teng, however, faced backlash. Many X users criticized Benance to list the useless meme coins, and the exchange was called a part of the problem. However, the implications of Meme coin craze are another theme. ‘This too will pass’ Bhavna (words posted by Teng) is the current mainstream of the Crypto community.
