In March 2020, a dark cloud hung over the entire international capital market. The US stock market triggered multiple circuit breakers, and the international crude oil price dropped below zero! This is the famous '312' incident in the crypto world. Get ready, grab a seat, some sunflower seeds and mineral water. Let me tell you the story behind it.

1. On March 9, 2020, the U.S. stock market experienced its second circuit breaker.

Affected by factors such as the COVID-19 pandemic and the sharp decline in international oil prices, the U.S. stock market experienced another 'Black Monday' on March 9, 2020, with a sharp drop at the opening. The S&P 500 index fell more than 7%, triggering a level one circuit breaker and suspending trading for 15 minutes.

On March 12, 2020, the US stock market experienced its third circuit breaker.

On March 12, 2020, at 21:35, the U.S. stock market triggered its third circuit breaker in history. After the opening, the S&P 500 index fell by 7%, and trading on the U.S. stock market was temporarily suspended for 15 minutes.

On March 16, 2020, the US stock market was halted for the fourth time.

At 9:30 a.m. Eastern Time on March 16, the U.S. stock market opened with a big dump, and the S&P 500 index fell by 7.47%, triggering another circuit breaker and halting trading for 15 minutes.

When you see this, maybe frens will be confused. Old Leek, the first time for circuit breaker?

On October 27, 1997, the first circuit breaker in the U.S. stock market was triggered. The U.S. stock market circuit breaker mechanism was implemented in 1988, following the stock market crash on October 19, 1987.

According to the regulations of the U.S. stock market circuit breaker mechanism, during the U.S. trading session, the circuit breaker mechanism can be divided into three levels, namely, when the market falls by 7%, 13%, and 20%, the first, second, and third levels of circuit breakers are triggered respectively!

Everyone can count on their fingers how long it has been since the United States has had 2, 3, 4 consecutive circuit breakers (accidents) in a month? Can anything good happen after that? Even Mr. Buffett himself exclaimed that it's rare to see!

The US stock market experienced a big dump. BTC fell from around 7900 to 3800 overnight, a drop of nearly 50%+. As for other altcoins, no need to mention!

The international crude oil price dropped from $40 per barrel to negative (there is no record of negative crude oil price in history), what is this concept?

A piece of cloth on my head, I am the richest in the world! Everyone knows that the Middle East is rich in oil production. In other words, at that time, you could go to the Middle East to buy ready-made oil. The princes would package the oil for you, load it onto the ship, bring it back, and even give you money. That's roughly the idea~

Due to the big dump in international oil prices, the incident of a certain national bank's oil treasure in the village has also caused a sensation. It is said that a total loss of more than 350 small targets! #BTC #ETH