Actually, it has been a long time to think about the topic of "serial burst", but it has not been written. As a result, today's Bitcoin has fallen by 20% on a historic day, and the market is mourned. It is said that the shortfall funds exceeded 10 billion. If the halving will bring about a bull market as everyone said, then this 10 billion funds will basically fall before dawn, just like the 480,000 brothers of the year, this is a very unfortunate thing.
If you think that this big drop in Bitcoin is just an accident, then we might as well adjust the time back to the night of September 25, 2019, half a year ago, and the bitcoin also fell sharply that night, although it only closed down about 13%. But the biggest drop was more than 20% at one time, and it was only within a few hours. The funds that were sold out that night were estimated to be in the tens of billions. Many small and medium-sized market currencies fell by more than 50% in a day.
Both times, I counted as a full journey.
This fall method is very scary, something that is hard to imagine in traditional financial markets. Why is there always a wave of slump in the digital currency market? Is this accidental or inevitable? Is it a small-probability event, or is there some underlying cause?
I personally think that this is not accidental, but inevitable! Not a small probability event, but one that will happen one after another! Because there is a very horrible reason behind this: serial bursts!
