Is Bitcoin About To See A Repeat Of 2020-2021? | Crypto News
On October 20, 2025, the crypto market noticed a major flash crash that despatched Bitcoin down 20%, and altcoins suffered between 50% and 80% losses as a consequence. Reports from data trackers show that more than $19 billion in leveraged positions had been liquidated as a consequence. This led to the most important liquidation event in the crypto industry up until that level, main to comparisons and speculations that this could possibly be a repeat of the notorious COVID-19 crash of 2020.
What It Means For Bitcoin And Crypto If This Is A Repeat Of 2020
One of the key crypto gamers who has identified that the current cycle could possibly be related to that of 2020 is crypto analyst Rekt Fencer. Fencer took to X (previously Twitter) to share with their over 330,000 followers, a side-by-side chart displaying the 2020 efficiency in contrast to what is going on now in 2025.
To put this in perspective, back in 2020, the crypto market suffered a flash crash where the Bitcoin price fell by more than 50%, and the altcoin market adopted. This was a consequence of the COVID-19 lockdowns that had been announced around the world in a bid to curb the unfold of the virus.
In response to the shutdowns, the stock market had crashed, taking Bitcoin and the crypto market down with it. This led to over $1.2 billion in daily liquidation, which at the time was the most important liquidation in crypto historical past. However, this determine now pales in comparability to the over $19 billion in liquidations that had been recorded last week.
Despite the disparity in the liquidation volumes, crypto analyst Rekt Fencer believes that this could lead on to a repeat of what occurred after the COVID-19 crash. Back then, the bounce from the crash had been speedy. By 2021, one yr later, the whole crypto market had risen to new all-time highs.
Taking that efficiency and utilizing it to map out the Bitcoin and crypto market efficiency after last week’s crash, it might imply that the market is prepared for another bull run. It would also put the market at the underside of the bull run, that means that the Bitcoin price is way from its all-time high price.
Rekt Fencer explains that “History is about to repeat itself” and “The real move starts when everyone thinks it’s over.” Thus, another explosive rally could possibly be proper on the horizon, if this isn’t the start of a bear run.
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