BTC - Someone needs liquidity...

BTCUSD is currently breaking down quite brutally; while some may call a crash, it's obviously not. Looking at the chart above, we can identify a nice price consolidation around 60-62k that happened over the last few days, after which some institutions purposely broke down the price action to go trigger the many stop-losses placed right below the consolidation level (pointed out by the 2 ellipses). After the price action took off again, lots of traders probably replaced their stop-losses around the same level, thinking that the price was going to break above the previous ATH and go for a nice bull run from then on. Little did they know, a few big players who were probably doubting another bull run until recently changed their minds and brought the price back down to buy BTC at a good price. If anything, that's a good sign. HODL!