Just looking back at what went down during that major crash - the whole market got hit hard because of one thing: too much leverage getting wiped out all at once. Bitcoin tanked below $75K for the first time in ages, and that triggered a cascade of liquidations that nobody could stop. Over $237 million in BTC longs got force-closed in a single day, which is wild when you think about why crypto crash happens so fast.

The thing is, this wasn't some random event. Looking at the bigger picture, roughly $2.16 billion in BTC positions got liquidated that entire week alone. When Bitcoin moves like that, everything else follows - Ethereum dropped over 6%, Solana fell nearly 3%. All those traders cutting risk across the board made the situation worse. The derivatives market was already bleeding leverage for weeks before this, so when Bitcoin finally cracked, it was just the breaking point.

What made it even messier was the broader market sentiment. European stocks were struggling, there was talk about tighter monetary policy, and everyone went into risk-off mode. So when you ask why crypto crash occurred, it's not one headline - it's leverage unwinding, forced selling cascading through the market, and a risk-off attitude spreading everywhere. The key was whether Bitcoin could hold above support levels. Without that stabilization, altcoins stayed under pressure and the bleeding continued.