On the recent wick down, over $100M in BTC longs were suddenly opened

One example of a long for $34M that just got opened with 40x leverage was just posted on X.

If Bitcoin drops by even $800 the position will be liquidated

We’re seeing an unprecedented volatile back-and-forth in the market

What do you think is causing it?

A). Politics

B). Institutional buying/selling

C). Halving cycle

D). Other 👇👇