All the compressed volatility from the last days is looking for a way to evaporate.
And did it as a fast shakeout losing +500$ in value (-5%) and even more in some exchanges.
Bitmex traders suffered a cascade of liquidations.
It's soon to conclude anything. Sellers didn't managed to break the support (at least yet!) Let's better wait for the dust to settle.
Take care and trade with responsability.
Disclaimer: not financial advise.