Just looked back at that massive crypto liquidation event and wow, the numbers are still wild. Over 19 billion in leveraged positions got wiped out in a single day - biggest one-day liquidation on record. Bitcoin crashed down to 106K, Ethereum hit 3,551, Solana fell to 174. Basically every major token was down around 47% on average, which is actually worse than the May 2021 crash. The perpetual futures market got absolutely hammered too, with open interest dropping 43% down to 123 billion. Hyperliquid saw a 57% collapse alone. What really triggered the cascade was USDe depegging to 65 cents, which then set off a chain reaction through staking derivatives and alt-L1s. Some tokens like SNX actually bounced on the chaos, but PUMP and DRIFT got crushed another 12-13% on top of everything else. The wild part is how fragmented liquidity still is - capital's still being cautious and we haven't really seen new market leadership establish yet. Definitely one for the history books in terms of crypto liquidation events.