The crypto market just witnessed a bloodbath. Close to $650 million got wiped out in forced liquidations over the past day. That's not a typo—we're talking about six hundred and fifty million dollars vanishing as positions got margin-called across the board.

This kind of liquidation cascade usually signals extreme volatility. Whether it was a sudden dump or leverage getting out of hand, traders on both sides felt the pain. The scale of this wipeout shows just how much risk was stacked up in the system.

For anyone still holding leveraged positions, this serves as a brutal reminder: the market doesn't care about your conviction when margin calls come knocking.