Maybe it was someone protesting, or sending a message. It was a big trader(s) selling or shorting a lot of bitcoin and causing a cascade of liquidations on leve

Maybe it was someone protesting, or sending a message. It was a big trader(s) selling or shorting a lot of bitcoin and causing a cascade of liquidations on leveraged trades (over $1B). However, when the margin traders have been liquidated, the price has a better support for continued upside.