$BTC U.S. Government bonds peak: U.S. 10-year Treasury yields tick up to a very high level (above 5%), putting pressure on capital flows to pull back from high-risk assets such as stocks and crypto.
Forced liquidation of Margin/Futures orders: Just as the price pierced through support, hundreds of millions of dollars worth of leveraged LONG positions were automatically liquidated (Long Squeeze), pushing the price rapidly slipping down the slope.
Forced liquidation of Margin/Futures orders: Just as the price pierced through support, hundreds of millions of dollars worth of leveraged LONG positions were automatically liquidated (Long Squeeze), pushing the price rapidly slipping down the slope.