Just been looking at what triggered that recent crypto selloff and it's wild how much leverage was unwinding. Bitcoin dropping below 75k wasn't just one bad headline - it basically set off a cascade of liquidations. Over 237 million in BTC longs got wiped out in a single day, and that's just the start. When you look at the bigger picture, liquidations hit 2.16 billion over the week and over 4.4 billion for the month. That's why the crypto market down so hard lately. It's not panic, it's systematic deleveraging. The whole market followed Bitcoin lower because when those long positions get liquidated, they turn into sell orders. Altcoins got hit even harder because traders were cutting risk everywhere. Open interest in perpetual futures dropped 4.4% in one day alone, clearing about 26 billion in exposure. Add in some general risk-off sentiment across stocks and tighter monetary policy concerns, and you've got why is the crypto market down across the board. The key thing to watch now is whether Bitcoin can hold above major support levels. If it stabilizes, liquidations slow down and we might see some breathing room. But until that happens, rebounds are probably going to struggle.