I haven't seen anything like this for a long time, the fall of Bitcoin has been ongoing for over a week and completely without correction; it is being sold off with market orders not for liquidity capture, because there is no liquidity left in longs, but simply being dumped.
The entire altcoin market is dragging down with it, how many people have been sitting in shorts for a week and looking at their +9999 percent, why not give a big upward candle to shave off a couple of billion. Everything looks very strange, they are just getting rid of coins: Solana, toncoin, Ethereum, coins that seem strong and have an ecosystem and history but are plummeting as if it has become clear that these zeros and ones are actually worth nothing and produce nothing, and holding them is foolish.
$ETH
ETH
1,967.64
-0.67%