The crypto markets are reeling from a sharp pullback. Bitcoin slipped from a record high above $124,000 to hover near $113,000 dragged down by aggressive profit taking and Fed policy jitters.

Ethereum, XRP, and other major tokens followed suit, with liquidations exceeding billions and long positions bearing the brunt of cascading selloffs.

This sudden decline serves as a Stark reminder: in the volatile realm of crypto, winter can arrive even after summer’s fiercest rally. As winter whispers through traders’ margins, one must steel themselves for all is not lost, and resilience may yet prevail.