Exactly 5 years ago today (May 19, 2021), the crypto market experienced one of the most brutal panic sells in its history.
Within a few hours, the majority of altcoins crashed dramatically: BTC dropped sharply, while many major altcoins lost between 30% to over 50% of their value almost instantly. The attached chart clearly illustrates the scale of the bloodbath, with dozens of tokens showing red candles of -40% to -90% in a single day.
That event remains a painful reminder for many veterans of how quickly sentiment can shift and how devastating leveraged liquidations can be. It also marked the beginning of a long bear market that tested the resilience of the entire industry.
