# Market Bloodbath: Retail Traders Getting Wrecked

Retail investors just had their worst Tuesday since April. US stock market tanked hard—the retail-heavy index crashed 3.6% (nearly 3x worse than S&P 500's 2% drop), Nasdaq fell over 2%, and the damage spilled straight into crypto.

Two things triggered the panic:

1. **Palantir's earnings reality check** - The stock soared 150% YTD but dropped nearly 8% yesterday. Market's suddenly worried the valuation party might be over.

2. **Michael Burry's short bomb** - Yeah, the "Big Short" guy just filed his 13F disclosing he's shorting Palantir and Nvidia. Perfect timing to confirm his "market's overheated" warning and trigger full-blown panic.

**Crypto got absolutely wrecked:**
- BTC fell below $100k for the first time since June, touching $99,932
- ETH dumped over 10% to $3,225
- 342,000 traders liquidated across exchanges in 24 hours
- Total liquidations: $1.3B+ (85% longs got rekt)

This isn't even the worst part—it's the second-largest single-day crypto drop all year, and it echoes the liquidity crisis from 3 weeks ago when leverage positions got absolutely demolished.

**Bottom line:** If you can handle the pain, start building a buy list. If not, traders are already prepping for round 2 of selling today.