According to ChainCatcher, Matrixport released a chart report pointing out that Bitcoin suddenly fell sharply this morning. Due to the lack of bullish momentum after Monday's trading, the longs who bought Bitcoin last week due to the Fed's dovish remarks may have been liquidated.

Today's pullback was not triggered by any obvious events, indicating that long liquidation may be the main reason in a low liquidity environment. If Bitcoin falls below $59,000, it may cause more market concerns.