According to @KobeissiLetter, the crypto market has erased $1.1 trillion in market capitalization over the last 41 days, averaging $27 billion per day (source: @KobeissiLetter). The total crypto market cap now stands about 10% below levels seen during the record $19 billion liquidation on October 10 (source: @KobeissiLetter). The development is described as a structural move by the source (source: @KobeissiLetter).