Is Bitcoin About To See A Repeat Of 2020-2021? What Happened After The Last Flash Crash

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On October 20, 2025, the crypto marketplace saw a large flash crash that sent Bitcoin down 20%, and altcoins suffered betwixt 50% and 80% losses arsenic a result. Reports from information trackers amusement that much than $19 cardinal successful leveraged positions were liquidated arsenic a result. This led to the largest liquidation lawsuit successful the crypto manufacture up until that point, starring to comparisons and speculations that this could beryllium a repetition of the infamous COVID-19 clang of 2020.

What It Means For Bitcoin And Crypto If This Is A Repeat Of 2020

One of the cardinal crypto players who has pointed retired that the existent rhythm could beryllium akin to that of 2020 is crypto expert Rekt Fencer. Fencer took to X (formerly Twitter) to share with their implicit 330,000 followers, a side-by-side illustration showing the 2020 show compared to what is happening present successful 2025.

To enactment this successful perspective, backmost successful 2020, the crypto marketplace suffered a flash clang wherever the Bitcoin terms fell by much than 50%, and the altcoin market followed. This was a effect of the COVID-19 lockdowns that were announced astir the satellite successful a bid to curb the dispersed of the virus.

In effect to the shutdowns, the banal marketplace had crashed, taking Bitcoin and the crypto marketplace down with it. This led to implicit $1.2 cardinal successful regular liquidation, which astatine the clip was the astir important liquidation successful crypto history. However, this fig present pales successful examination to the over $19 cardinal successful liquidations that were recorded past week.

Despite the disparity successful the liquidation volumes, crypto expert Rekt Fencer believes that this could pb to a repetition of what happened aft the COVID-19 crash. Back then, the bounce from the clang had been rapid. By 2021, 1 twelvemonth later, the full crypto marketplace had risen to caller all-time highs.

Taking that show and utilizing it to representation retired the Bitcoin and crypto marketplace performance aft past week’s crash, it would mean that the marketplace is acceptable for different bull run. It would besides enactment the marketplace astatine the bottommost of the bull run, meaning that the Bitcoin terms is acold from its all-time precocious price.

Rekt Fencer explains that “History is astir to repetition itself” and “The existent determination starts erstwhile everyone thinks it’s over.” Thus, different explosive rally could beryllium close connected the horizon, if this isn’t the commencement of a carnivore run.