The cryptocurrency market faced a significant liquidation event on November 14, 2025, with $195 million in futures positions liquidated within an hour across major exchanges. This sharp downturn was driven by a breakdown in key support levels, leading to panic selling and a cascading effect on over-leveraged long positions. The incident underscores the risks associated with leveraged trading, emphasizing the need for effective risk management strategies like stop-loss orders and proper position sizing to mitigate potential losses.