I was still worried yesterday about whether the decline would continue over the weekend, and because liquidity is even lower during weekends, the impact would be greater. Sure enough, it still happened. Although the market was closed today,
$BTC experienced a sharp drop starting from the US time zone, and it coincided with the usual US stock market opening time, indicating that this wave of selling was mainly driven by US investors.
It is likely that they first liquidated US stocks and precious metals, then worried about further declines on Monday, so they started selling liquid assets over th