#MarketTurbulence The crypto market's fragility was exposed after an unexpected U.S. PPI surge on August 14, 2025, triggered over $1 billion in liquidations, mostly long positions. Bitcoin plummeted from a $124,000 ATH to below $120,000, while Ethereum and XRP dropped 4.5% and 6.4%, respectively, erasing $133 billion in market cap. Key signs include excessive leverage amplifying volatility, with 216,000 traders wiped out amid cascading sells. Crypto's tight correlation to macro factors—like inflation fears delaying Fed rate cuts—highlights its immaturity and dependence on traditional finance. Analysts view it as a "healthy correction" flushing overextension, but rapid sentiment shifts and $782 million in long liquidations underscore vulnerability to external shocks.