According to @MilkRoadDaily, total crypto market cap dropped from 4.26 trillion dollars to 3.24 trillion dollars in a single day, a roughly 24 percent drawdown, source: @MilkRoadDaily on X dated Oct 11, 2025. The same post notes the market cap remains near ranges that did not exist six months ago, source: @MilkRoadDaily on X dated Oct 11, 2025. Holding above the prior cycle all-time high around 3 trillion dollars from November 2021 is a key risk level for trend management, source: CoinMarketCap historical total crypto market cap series for 2021; treating prior highs as potential support follows standard support and resistance principles, source: Investopedia overview of support and resistance. For trade planning, monitor 3.24 trillion dollars as the immediate pivot, 3.0 trillion dollars as cycle support, and 4.26 trillion dollars as recent supply, sources: 3.24 and 4.26 from @MilkRoadDaily on X, 3.0 from CoinMarketCap historical ATH; momentum confirmation is commonly inferred from level breaks in market-cap breadth gauges, source: Binance Academy explanation of crypto market capitalization and its use as a market-wide indicator. The author described the move as a gift, indicating a buy-the-dip stance from the source, source: @MilkRoadDaily on X dated Oct 11, 2025.