Just looked back at what went down in the market and it's pretty clear why crypto got hit so hard. Bitcoin's drop below $75k triggered a cascade of liquidations - roughly $237 million in a single day, and over $2 billion for the week. When BTC moves like that, everything else follows. The real issue wasn't one big headline. It was leverage unwinding after weeks of pressure. Perpetual futures open interest dropped 4.4% in a day alone, wiping out $26 billion in exposure. That's massive. Ethereum took a bigger hit than Bitcoin, down over 6%, while Solana and other alts got dragged down too. The liquidations kept feeding into each other - forced selling turned into more selling. Add in some risk-off sentiment across markets and you get the full picture of why crypto was crashing. The key thing now is whether Bitcoin can hold above $75k. If it breaks that, we're looking at $70k as the next major level. Until liquidations slow down and the market finds footing, volatility's probably staying high.