I haven't seen anything like this in a long time, the fall of Bitcoin has been going on for more than a week and without any correction at all, it's being sold off with market orders not for liquidity capture, because there is no liquidity left in longs, but simply being dumped.
All the altcoins are being dragged down with it, how many people have been sitting in shorts for a week now and looking at their +9999 percent, why not give a big candle up 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 ecosystems and history but are plummeting down as if it's come to the realization that these zeros and ones are actually worth nothing and produce nothing, and holding them is foolish.