I was surprised by a sudden drop in the market and couldn't find any apparent news causing it. They suspect a large liquidation around $70,896 might have triggered a chain reaction.
After some back-and-forth trading activity, the market saw a significant number of long positions being opened, indicating bullish sentiment. However, this optimism was short-lived as over $320 million in long positions were liquidated within an hour.
I expect the market to recover, but predict a quiet weekend with minimal price movement.