The crypto market just experienced a sharp downturn, with digital assets shedding over $70 billion in value across minutes. Bitcoin and major altcoins took significant hits as traders scrambled to reassess positions amid rapid price collapses. The sudden liquidation cascade raised questions about what triggered the sell-off—whether macro headwinds, exchange volumes, or technical breakdown. Market participants are dissecting the sequence of events to understand if this represents a temporary shock or signals deeper market weakness ahead.