Last night, cascading liquidations hit the crypto market, reaching record levels. According to official data, the volume exceeded $2 billion. However, Ben Zhou (CEO of Bybit) stated that Bybit alone saw more than $2 billion in liquidations, and the total across all exchanges could have reached $8–10 billion.

These numbers exceed the liquidation levels seen during the FTX collapse and the COVID-19 market crash.

Such moments create opportunities when many interesting assets offer great entry points.