Just caught up on what happened with the crypto crash. The whole thing was basically a liquidation cascade - Bitcoin dropped below 75k and suddenly you had like 237 million in BTC longs getting wiped out in a single day. That triggered a domino effect across the market. Over the past week alone, we're talking 2.16 billion in liquidations, and monthly it's hit 4.4 billion. That's not some random one-off event, that's weeks of leverage unwinding. The reason the market went down so hard is because of all this forced selling pressure. When Bitcoin moves, everything else follows - altcoins got destroyed as traders just cut positions across the board. Open interest in futures dropped 4.4% in a day, which means roughly 26 billion in exposure got wiped. Plus there's been a wider risk-off mood hitting stocks and crypto at the same time. But here's the thing - current data shows Bitcoin has recovered to 78.32k with a 2.91% daily gain, and most altcoins are bouncing back too. The key was whether Bitcoin could hold above 75k support. Looks like the market is stabilizing now after that brutal deleveraging period.