$1.7B+ liquidated in 24 hours and around 290K traders wiped out. That's what happens when everyone gets a little too comfortable with leverage. Tthe liquidation number isn't the one I keep coming back to. Only ~24% of the top 100 coins are above their 50D trend, which tells me the market isn't healthy under the surface. A few names might bounce, but most of the board is still sitting below trend. Is this full macro panic? I don't think so. Traditional markets are holding up fine, so the pressure feels crypto-specific to me. Leverage got way too crowded, and high beta is always the first thing people dump when they want to de-risk. ETF demand cooling off into all of this didn't help either... the flows just aren't strong enough right now to say institutions are stepping in to absorb the dip. So I'm playing it defensively for now. Until breadth picks back up and the ETF bid returns, I don't see a reason to get aggressive here. It's a good time to be building watchlists though. The names you actually want are getting cheaper, and most people are too busy panicking to notice.(Edgy - The DeFi Edge 🗡️)