#IranIsrael tensions are getting worse.
🚨 Bitcoin is crashing hard .
Everyone's asking the same thing:
Is this the start of WWIII?
Will $BTC and alts crash like in 2020?
👇🧵
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?
– Global fear and uncertainty
– Mass liquidations on BitMEX
– Investors rushed to USD
– 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 "bad for the environment."
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 didn't 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 "stablecoin," 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 "the end of crypto."
But behind the scenes:
– Exchange balances dropped
– Long-term holders didn't sell
– 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.
Here's 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.
➡️ Hit like ❤️
➡️ Repost it
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