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Did you see Bitcoin's lightning crash yesterday? Madness. The cascade of liquidations reached $7 billion in just a few hours. Altcoins followed suit; it was total carnage in the markets. Honestly, this crypto drop could have been much worse if exchanges hadn't cut off margin positions.
The timing is weird given the escalating trade tensions between the United States and China. While tensions rise, traders are questioning what this will mean for cryptocurrencies in the long term. Geopolitical fears + market volatility = perfect recipe for panic selling. Some big liquidators probably triggered the chain collapse.
The market seems to be stabilizing now, but honestly, with everything happening in the background, I remain cautious. Keep a close watch.