According to Lookonchain, $45.73 million was liquidated on ALPACA trading pairs, with a single trader experiencing a $3.98 million liquidation event, as reported by Coinglass. This large-scale liquidation spike signals heightened volatility and potential margin risk for leveraged traders on ALPACA markets. Traders should monitor open interest and funding rates closely in light of this recent liquidation wave. (Source: Lookonchain via Twitter, Coinglass.com)

According to The Kobeissi Letter, MicroStrategy holds approximately 499,096 Bitcoin, valued at $43.7 billion, with an average acquisition cost of $66,350 per Bitcoin. If Bitcoin's price falls significantly below this average entry price, the company's financials could face substantial pressure. This situation could lead to a marked decrease in the value of MicroStrategy's assets, potentially affecting its stock price ($MSTR) and overall market perception. Such a decline might trigger margin calls or necessitate asset liquidation to meet financial obligations, impacting trading strategies and investor confidence.