According to Gordon (@AltcoinGordon), there's a discussion on the understanding of 'black swan' events within the cryptocurrency community. A 'black swan' event refers to an unpredictable event that is beyond what is normally expected of a situation and has potentially severe consequences. In trading, recognizing the potential for such events is crucial for risk management and strategy development.

According to Michaël van de Poppe, a significant capitulation crash has occurred in the altcoin market, with OP hitting a new low. This event mirrors the situation from the summer of '23, where the Relative Strength Index (RSI) was similarly low and resulted in a significant price wick. The current market momentum suggests a similar trend, potentially leading to a Black Swan capitulation low for altcoins.

According to Michaël van de Poppe, the altcoin market has experienced a significant decline of more than 50%, reminiscent of the COVID-19 Black Swan crash. This drop in altcoin values is creating a situation similar to the past crash, which could inform trading strategies moving forward. Van de Poppe emphasizes the importance of understanding past market reactions to similar events. [source: Michaël van de Poppe via Twitter]