Bitcoin Liquidation Cascade: Why $HYPER is Outperforming the Dip

The crypto market is violently flushing leverage right now.
Coinglass data shows that over the period from Jan 29-31, $1.5B in $BTC leveraged long positions were wiped. Bitcoin ($BTC) is retracing sharply, triggering a cascade of liquidations across major exchanges. When the market leader sneezes, altcoins usually catch a cold, often resulting in brutal double-digit drawdowns for high-beta assets.This volatility is classic late-stage correction behavior: wipe out the over-leveraged longs to rese