Noticed something interesting about how crypto liquidations work. When Bitcoin takes a hit, it doesn't just affect BTC holders - the whole market feels it. I was looking at the data from when BTC dipped below $75K and saw roughly $237 million in long positions liquidated in a single day. Over the past week, that number jumped to around $2.16 billion. Pretty wild. The thing is, these forced liquidations turn into sell orders, which pushes the price down even more, triggering another wave of selling. It's like a domino effect. That's why the crypto market crashed so hard across the board - Bitcoin dominance in derivatives trading means when BTC struggles, altcoins follow. Open interest in perpetual futures dropped about 4.4% that day alone, wiping out $26 billion in exposure. Over a month? Down 34%. That tells you leverage has been clearing out for weeks, not just a one-day panic. Add in some big holders sitting on unrealized losses and a wider risk-off mood in traditional markets, and you get this perfect storm. The key thing to watch now is whether Bitcoin can hold support. Until it does, expect volatility to stay elevated and any bounces to face resistance.