The recent downturn in the cryptocurrency market has wreaked havoc on leveraged traders, with Bitcoin leading a wave of liquidations that total around $700 million. Traders betting on price increases found themselves burnt as BTC bulls lost $420 million while Ether saw $150 million in liquidations. Dogecoin experienced a slump of around 9 percent as a result of Bitcoin’s steep decline. This market trend highlights the risk associated with leveraged trading, especially in such volatile conditions. As the crypto landscape shifts, traders must remain cautious while navigating their positions in this unpredictable environment. Awareness of market dynamics is key to understanding potential future movements among cryptocurrencies.