24 hours, the entire network saw $2.565 billion liquidated, with $2.4 billion in long positions wiped out. In the early hours, Bitcoin even dropped below MicroStrategy's cost price, wicking down to 75179, breaking below the weekly MA120, and hitting a new low since the trade war in April 2025. Ethereum's MicroStrategy-like company, Bitmine (BMNR), has a holding cost of $3867, which is nearly halved now. This just shows it's a company designed for cashing out. ETH permabull Yi Lihua's holding cost is $3180, with a liquidation price of $1866, and an unrealized loss of nearly $500 million. However, he previously mentioned that he has prepared sufficient backup funds, and leveraged positions above $1000 for ETH are considered safe. This time is different? The result is always the same. There's no such thing as a supercycle. A few big names are getting slapped in the face. Last cycle, it was 3AC and SBF that fell. Who will be the big name to fall this time?