The cryptocurrency market experienced significant turbulence on October 30, with $825.4 million in liquidations. Long positions bore the brunt, accounting for $656.7 million of the total. Bitcoin led the losses with $310.3 million in long liquidations, while Ethereum and altcoins such as Solana and XRP also faced sharp declines. The market capitalization fell by 1.6% to $3.8 trillion, driven by uncertainty following a Federal Reserve rate cut, excessive leverage, and waning investor momentum. This downturn highlights the volatility and risk associated with leveraged positions in the crypto market.