Market bloodbath alert: Bitcoin's sudden plunge toward $88,000 just wiped out over $200 million in long positions. Leveraged bulls got absolutely crushed in this move. The liquidation cascade hit fast—one minute traders were holding hopes for a bounce, next thing you know, stop losses are triggering left and right. This kind of volatility is exactly why risk management matters. Anyone still holding leveraged longs at these levels might want to check their margin ratios before things get uglier.