Every time BTC enters a bear market, black swan events occur. For example, the first bear market in 2014 was caused by the collapse of the world's largest Bitcoin exchange, Mt. Gox, in Tsim Sha Tsui, after being hacked and losing 800,000 BTC. The second bear market is the famous 94 incident. The third is the well-known 312. The fourth bear market was triggered by the FTX collapse. I feel that the current fifth bear market is probably caused by Weice's collapse and a subsequent market dump!