Liquidations have surged to become a defining feature of this Bitcoin cycle, with over $500 million in positions wiped out in the last 24 hours alone, predominantly long bets on perpetual futures. High-profile bearish signals, such as investor Michael Burry (of "Big Short" fame) piling into crypto shorts, are fueling the narrative of an impending deeper correction. Meanwhile, crypto-tied equities tell a grim tale: the median price of U.S. and Canadian-listed digital asset firms has cratered 43% year-to-date, with some plummeting over 99%, highlighting the sector's vulnerability to sentiment swings. For long-term holders, this is a reminder to diversify beyond pure-play miners or exchanges consider balanced exposure via ETFs and to prioritize secure custody, as estate planning pitfalls could lock heirs out of gains amid rising wealth transfers in crypto.