#IranIsrael tensions are getting worse.
đš Bitcoin is crashing hard .
Everyoneâs asking the same thing:
Is this the start of WWIII?
Will $BTC and alts crash like in 2020?
đđ§”
Before we start, please repost and bookmark the first tweet.
BTC and alts are in free fall today, and people are getting worried.
But before you sell, take a look at the past geopolitical and #crypto events and how crypto reacted.
March 2020 - COVID Crash (Black Thursday)
The world froze overnight.
A global pandemic, panic in the streets, markets in freefall.
On March 12, 2020, #Bitcoin crashed over 50% in a single day.
BTC dumped from $7,200 to $3,800.
From Stocks to $BTC everything crashed hard.
What caused it?
â Global fear and uncertainty
â Mass liquidations on BitMEX
â Investors rushed to USD
â Everyone was selling everything
On-chain panic was clear but so was accumulation.
In 7 months, Bitcoin recovered and doubled.
In ~12 months #BTC hit a New ATH of $64K.
May 2021 - China Ban + Elon Turns Bearish
First #ElonMusk tweeted about BTC being âbad for the environment.â
Then China bans Bitcoin mining again, but for real this time.
Miners shut down.
Hashrate fell over 50%.
The network was under pressure.
#Bitcoin crashed ~30% in a single day and dumped below $30k.
But the chain didnât stop.
Hashrate bounced back.
Miners relocated.
And Bitcoin?
It recovered to $60k+ in less than 5 months.
One of the fastest rebounds after a massive sell-off.
May 2022 - Terra Luna Collapse
This was a crypto-native disaster.
UST, the âstablecoin,â depegged.
Luna hyper inflated from ~$80 to $0 in days.
$45B+ in value was erased almost instantly.
To defend UST, the Luna Foundation sold billions in $BTC.
Markets tanked.
Bitcoin dropped to ~$25k.
But whales stayed calm.
8 months later: BTC back near $35k.
June to Nov 2022 - Celsius, 3AC, FTX Collapse
This was the true bear market capitulation.
Celsius froze withdrawals.
Three Arrows Capital blew up.
Then FTX collapsed, taking $10B in user funds with it.
Bitcoin crashed below $16k.
People called it âthe end of crypto.â
But behind the scenes:
â Exchange balances dropped
â Long-term holders didnât sell
â Smart money started buying
By mid-2023?
Bitcoin was back to ~$30k.
#Israel vs #Iran War
This time it's #IsraeliranWar that is causing the crypto market crash.
Israel and Iran started to attack each other, and now a military escalation is going on in the Middle East.
News is also coming out that #Trump is 'Seriously Considering' a strike on Iran.
Markets hate uncertainty.
Traders are panicking.
Bitcoin dropped from $109k to $103k today.
Altcoins are even dumping more.
Hereâs the pattern:
Big event (Black Swan)
Panic headlines
Sharp BTC dump
Retail Panic sells
Smart money buys
Time passes
#Bitcoin hits new highs
Conclusion
This is not the first time we are seeing a black swan event.
Since March 2020, we have seen multiple black swan events where the price of BTC crashed 30%-50% in a day.
But once the things start to recover, BTC also starts to pump and hit a new ATH.
The same thing will happen once the #IsraeliranWar will be over.
That's the wrap!
If you find this thread valuable.
âĄïž Hit like â€ïž
âĄïž Repost it
âĄïž Bookmark it
Follow me at @AltCryptoGems for more quality crypto content.
365.72K
2.34K
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.