No Common Warning Signs Behind Bitcoin's Sharp Drop…Analysis of 7 Liquidation Chains

A researcher analyzed seven major liquidation cascades in Bitcoin perpetual futures from 2022 to 2025.

The study found no single price precursor that consistently appeared before every crash.

Different events showed different warning signs, including price anomalies, leverage buildup, and order-flow shifts.

Two Trump-tariff shock events were categorized as having occurred without the usual advance signals.