Some historical events of Bitcoin big dump:

- In June 2011, BTC experienced a big dump from $32 to $0.01: The price of BTC broke through $1 in April 2011 and reached a high of $32 on June 8. However, due to a security vulnerability in Mt. Gox, the largest BTC trading platform at the time, 850,000 BTC were stolen, causing market panic and a big dump of BTC to $0.01 within a few days, a drop of 99%.
- In 2015, BTC fell from $1000 to below $200: In November 2013, the price of BTC first surpassed $1000, but then the Chinese Central Bank started cracking down on BTC and banned Financial Institutions from trading BTC. After that, BTC entered a Bear Market and fell to around $170 in January 2015.
- In 2018, BTC fell from $20,000 to $3,200: At the end of 2017, BTC reached a peak of $20,000, but in 2018, the cryptocurrency market experienced a cold winter. In January, Japanese cryptocurrency exchange Coincheck was attacked by hackers, causing a loss of about $530 million. In March and June of the same year, Facebook and Google respectively banned cryptocurrency-related ads. In addition, the U.S. Securities and Exchange Commission rejected the BTC ETF application. Various factors led to the fall of BTC price to around $3,200 in December 2018.
- In 2022, BTC fell from $68,000 to below $20,000: In 2021, the price of BTC reached a high of $68,000, but in 2022, the market situation reversed. Factors such as the US Federal Reserve raising interest rates and the conflict between Russia and Ukraine led to market panic, and investors dumped BTC one after another. In June, the price of BTC fell below $20,000.
- In August 2024, the BTC price experienced a 24-hour drop of 15.74%: due to escalating regional tensions and unexpectedly low US non-farm payroll data, a global recession panic ensued. This led to a significant decline in the Capital Market, and the encryption asset market was also affected. Institutional dumping of Ethereum and other factors intensified the panic in the BTC market, resulting in a big dump on August 5th.