Just looking at today's recovery and it's crazy to think about what happened last week. The market's bouncing back now, but that crash was brutal. Bitcoin dropped below 75k and it triggered this whole cascade of liquidations. I was watching the data and over 237 million in BTC longs got wiped out in a single day. That's not even the worst part - the weekly total hit 2.16 billion. People don't realize why is crypto down events like that happen. It's not usually one headline. It's leverage unwinding. When Bitcoin starts falling, all those leveraged positions become forced sell orders, which pushes the price down even more. It's a feedback loop. Open interest in perpetual futures dropped 4.4% that day alone. The whole market was deleveraging because of risk-off sentiment spreading from traditional markets too. Altcoins got hit harder because traders were cutting positions across the board. What made it worse was that large holders were sitting on massive unrealized losses, which added to the fear. That's why is crypto down situations take time to recover from. It's not just about price - it's about confidence rebuilding and leverage actually leaving the system. Now that we're seeing some green, you can feel the difference. The market needed this reset.