What is happening now is the result of a "full storm" of technical and macroeconomic factors that coincided with the usual end-of-year liquidity decline.

Here is a summary of the scene:

• Massive Liquidation Cascade (:
The price breaking through key support levels triggered automatic sell orders and the liquidation of )Longs( worth billions of dollars, creating a domino effect at a time when market orders )Order Book( are weak.

• ETF Outflows ):
Bitcoin funds (Private IBIT) have recently experienced significant outflows, reducing the institutional support that was driving the price higher.

• Macro and liquidity pressures:
This coincided with the Federal Reserve's "Quantitative Tightening" and the rise of the US Treasury account (TGA), which drained dollar liquidity from the financial system, making high-risk assets like crypto the first to suffer.

• Whale profit-taking:
Glassnode reports indicate that whales and long-term investors have started distributing their holdings and taking profits after Bitcoin reached record levels above $120,000 earlier this year.

This type of correction is what clears the market of high leverage. Keep an eye on the $80,000 levels, or weak liquidity, which is always a playground for whales to manipulate prices.

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$BTC elaouzi #CryptoMarketMildlyRebounds