May–June 2021 – China Mining Ban & Leverage Liquidations
Drop:
~55% (from ~$65,000 to ~$28,000)
Catalyst:
China’s ban on crypto mining, Tesla suspending BTC payments, and heavy leverage led to cascading liquidations.
Drop:
~55% (from ~$65,000 to ~$28,000)
Catalyst:
China’s ban on crypto mining, Tesla suspending BTC payments, and heavy leverage led to cascading liquidations.
Penafian
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Penafian
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.