Almost all of crypto crashed 20% in an instance today, liquidating a large number of Long traders, I too lost all of my new and year old Long positions.
Reports claim over $1 billion has been liquidated. My share on that was a small amount. I'm now so used to being liquidated that I laugh at large traders loss than lament on mine own. I've decided to stay away from crypto at least a month before even thinking of whether to buy the dip or not.
https://cryptoslate.com/bitcoin-plummets-9k-as-trumps-tariffs-spark-over-1b-liquidation-frenzy/Those who took long trades in futures trading faced maximum liquidation, especially when the Bitcoin market was above $100k. The current situation of those who took long is very bad and they have all lost their investments. But for those who trade in spot trading, the investment may have decreased but they will not suffer liquidation. But those who invest and keep holding have no worries, rather they will become gainers when the bull market starts after the market bear market ends.