As Bitcoin soared to an unprecedented high of $108,200, excitement was palpable among traders, yet little did they anticipate the swift twist that lay ahead. Just days later, the market learned a harsh lesson in volatility as the cryptocurrency plummeted to $95,000, unraveling over $540 million in long positions. But what precisely sparked this rapid descent, turning a mere correction into a swift downturn? Untangling the web of leveraged positions… the full depth of this unraveling awaits.