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I compiled statistics on the largest price drops for BTC, ETH, Sol, and BNB in recent years. After sorting them, I found some days with particularly dramatic drops, but they seem to be relatively unknown.
For example, January 16, 2018, is more commonly remembered as March 12th and May 19th.
March 12, 2020: Global pandemic panic triggered a liquidity collapse in financial markets.
January 16, 2018: Tightening regulations in various countries led to the bursting of the 2017 bull market bubble.
June 13, 2022: The Celsius scandal triggered a credit crisis in the crypto market.
February 5, 2018: Global risk markets panicked, and the bear market accelerated its decline.
May 19, 2021: China cracked down on mining and trading, causing panic selling in the market.
Interestingly, BNB's price drop was the largest in four years, occurring on February 5th of this year.
Another interesting point is that, statistically, since 2023, the market has become much more stable, with fewer major crashes like before. Looking back, the March 12th crash might truly be a thing of the past; it's the day when all major cryptocurrencies experience their most severe price drops, a day no one can rival.



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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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