Today's market downturn hit hard—over $110 billion in total value vanished from the crypto market as Bitcoin experienced a significant selloff. The chart shows a sharp decline, raising critical questions about what comes next.

So here's the million-dollar question: is this a golden buying opportunity, or are we heading into deeper red? When BTC drops this sharply, retail traders panic while savvy investors often ask themselves if the dip creates entry points. The $110 billion wipeout is substantial, but crypto volatility is the name of the game.

Market timing is tough. Some view major corrections as accumulation phases before recovery rallies. Others see them as warnings of further downside. Either way, this kind of price action typically attracts attention from both hedgers and opportunistic buyers looking to catch falling knives.