It was only $200 million at first, but that didn't last.
(Source: https://twitter.com/RadarHits/status/1778850195465277843/photo/1)
Now we are over a billion in liquidations and probably going to get worse in the coming days.
This looks like the start of a multi week drawdown that takes us back near $60k.
Hopefully I am wrong but that is the looks to me.
What do you see?