That was a brutal hit early Sunday: $BTC plunged from 68322 to 62006 in a day and is now hovering around 62737, down more than 8%; $ETH fared even worse, dropping 10% to 1733, its lowest level since July. Around $1.9 billion in positions were liquidated across the market in a single day, mostly longs, while ETFs are still seeing outflows. The top ten coins by trading volume on Binance are all in the red. KAVA dropped 61% in a day, while SOPH was the lone bright spot, up 38%. When prices fall below the 200-day moving average, cascading liquidations can follow, and the final flush is often the sharpest. There are still liquidation orders stacked below 60,000, so a quick wick down wouldn’t be surprising. Don’t rush to buy the dip, and definitely don’t use leverage to catch it. Wait until it gets back above 65000.