1. Several hundred million $ in leveraged long positions were liquidated.
2. Someone dumped $1.5 billion, probably a whale cashed out.
3. There is some liquidity in the market and those who bought ($16,000-$25,000 range) are on the plus side, it's the end of the year and they collect the profits.
4. There are still many long positions that can be liquidated so there is still room to go short if you want to liquidate those positions.
