The market just experienced a massive sell-off. In one hour, over $129 million in long positions were liquidated as Bitcoin dropped below 88K. This wasn't a gradual sell-off but a true wipeout with leverage.

BTC led the way, followed by ETH, while SOL and XRP also got caught in the turmoil. When prices hit key levels, over-leveraged long positions immediately became fuel for the downward momentum. Margin calls happened one after another, and everything was dragged down together.

But here’s the interesting part — liquidation events like this often mark turning points. Leverage gets wiped out, weak players are forced out, and volatility begins to spike in both directions. The question now is: is this the final sell-off or just the first domino? Eyes remain on BTC, as the next move could be a breakout.