The crypto market saw significant turbulence over the past day, with over $395 million in long positions liquidated across major trading venues. Bitcoin and Ethereum led the volatility, triggering cascading liquidations as prices swung sharply. This kind of market movement often signals extreme leverage positioning and sudden sentiment shifts among traders. The scale of these liquidations typically indicates that many positions were highly concentrated and vulnerable to quick reversals. For those monitoring market health and leverage cycles, this 24-hour period reflects the kind of sharp corrections that reshape trader positioning. Such events are worth tracking as they often precede notable market structure changes and can offer clues about where key support or resistance levels might form next.