That initial drop wiped out over $300 million in leverage long positions across centralized exchanges in a matter of hours.

On May 19th, 2021, a staggering $8.6 billion was wiped out in Bitcoin leverage liquidations within hours.

The brutal reality of this ongoing cascade was seen on March 8th when over $300 million in crypto positions were liquidated in a single 24-hour window.

Whole Point dropped to $63,000, it ignited a cascading liquidation doom loop.