It's really astonishing how a day in the crypto world can feel like ten years in reality. Just two days ago, we were still immersed in the meme frenzy, and two days later, we might be liquidated. The price remains the same, but the position is gone, and the same wealth has been transferred to another party.

Long position liquidation of 13 billion USD
Large capital has insider information and preemptively lays out short positions. Trump's speech triggers a trade war, leading to a sell-off in the spot market, stablecoins getting unpegged, a chain of liquidations, and Wall Street completing capital harvesting.
Everything is really ok now, and we can welcome the raging bull market.