A record-breaking crypto liquidation event on November 15th wiped out nearly $19 billion from leveraged positions, predominantly affecting Bitcoin and major altcoins. This unprecedented event impacted participants across the globe, signaling a significant correction within the market. The massive liquidation signifies the inherent volatility and risks associated with cryptocurrency trading, while also resetting leverage and impacting investor confidence. The incident stands as the largest single-day liquidation in history, disproportionately affecting both institutional and retail investors. Major exchanges experienced substantial losses from long positions, significantly altering market dynamics.