This drop is scarier than expected. Last time, the significant drop in Bitcoin was mainly due to the liquidation of BTC contracts. After that, this time it mainly targeted altcoins, while last time altcoins were hardly affected.
So the vast majority of people opened their positions in altcoins, which is why the number of liquidations this time even exceeded the terrifying 312.
After this wave of liquidation, the altcoin market instantly became half lighter.