24 hours exploded with 2.565 billion USD, and long positions exploded with 2.4 billion USD.

In the early morning, Bitcoin even dropped below MicroStrategy's cost price, piercing down to 75179, breaking below the weekly MA120, setting a new low since the trade war in April 2025.

Ethereum's MicroStrategy company Bitmine (BMNR) has a holding price of $3867, which is close to being halved, indicating that this is a company designed to cash out.

ETH's dead long position holder Yili Hua has a holding cost of $3180, a liquidation line of $1866, with nearly 500 million USD in floating losses. However, he previously mentioned that he prepared ample backup funds, stating that leverage positions above $1000 in ETH are safe.

Is this time different? The result is always the same; where is the super cycle? Several big players have been slapped in the face. The last round saw Three Arrows and SBF fall; who will be the big player to fall this round?