Liquidations spike to record highs as bearish sentiment sweeps the crypto market. Long positions and the DeFi category bear the brunt, echoing warnings from top analysts. The crypto market has endured its most volatile week in months, culminating in the largest liquidation event since December 2024. As the global market cap stands at $3.78 trillion (up 1% in 24 hours), fear lingers among investors, with the Fear & Greed Index sitting at a wary 34. This latest shakeout saw both major and altcoin prices spiral downward, sending leveraged traders scrambling and forcing exchanges to close over $1.7 billion in positions in a single sweep.