The market is not crashing now because 'oh, someone sold', but because everyone simultaneously got hit — from retail romantics to venture 'geniuses' who thought that 2025 granted them indulgence for foolishness.
Let's start with something simple:
When BTC fell from 120 to 100 thousand, everyone was waiting for a move to 140+.
Everyone.
And as usual, most in the market opened longs with leverage because
"The bit is strong, it can't just fall."
Well-well.
The first ones were taken out immediately — the daredevils with inflated risks were consumed by the market and didn't even choke.
And those big capital players who entered "carefully", "conservatively", "with a safe leverage" thought that the market respects them.
And just yesterday the market came and took them as well.
Without any pullbacks — a continuous escalator down.
And here is the most interesting part:
Large companies, big private investors, funds — everyone who got used to market strength and low volatility of 2025 — relaxed so much that they forgot the elementary thing:
Crypto does not forgive overconfidence.
Never.
They took loans in lending protocols for billions because "the market is stable."
And that's why the market came for them.
Everything that was collateralized has been liquidated. And those who managed sold assets to avoid liquidation.
This is a cycle. It repeats every time.
It's not a tragedy — it's market mechanics that turn excessive confidence into fertilizer.
And let's remember how on October 10 small coins were taken out:
At that time Solana, Ethereum, Bitcoin barely suffered.
At that time, micro caps were crumbling.
Today — the time for "strong" assets has come.
And they are falling as if their brakes have been cut.
No reaction at the level.
No bounces.
No hint of "support."
This is not a chart — this is a vertical descent that ignores any logic.
Because the market is not drawing a technical pattern right now —
It wipes out those who thought they wouldn't be affected.