BTC just dropped below 80k again, and it's triggering some serious liquidations in the futures market. We're talking about 300 million in positions getting wiped out as traders got caught on the wrong side of this move. Crazy volatility for what looked like a stable level.

The crypto drop has been pretty sharp over the last day or so. Current price is sitting around 80.75k with minimal daily movement percentage-wise, but the swings underneath are brutal for leveraged traders. You can always tell when there's forced selling happening - the liquidation cascades just keep coming.

This is exactly why I never trust these round numbers as support. Everyone's got stops stacked at 80k, so when price pokes below it, boom - the algos start hunting and it becomes a bloodbath. Seen this pattern play out too many times in the crypto drop cycles. Curious to see if we bounce back or if this is the start of something bigger.