850 million liquidations on this market dump

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850 million liquidations on this market dump

Everyone was waiting for an altseason… so instead, we got a black swan event hitting alts just as hard.

The sentiment was building, charts were aligning, and narratives were forming. People were gearing up for the usual cycle , BTC runs, then ETH, then the rest of the market. But instead of the explosive gains, we got a sudden, unexpected downturn that wiped out momentum across the board.

At this point, it feels like every time the market starts leaning one way too heavily, the opposite happens. Whether it’s macro events, regulatory FUD, or whale games, something always comes in to shake things up.

Did anyone actually see this coming? Or were we all just too eager for the next leg up?

Oshini Perera Answered question February 3, 2025
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