Looks like we ended up with an extended fifth wave! Quite interesting that this historical support failed. Prices are now stabilizing around 6.8k$ (which was my most pessimistic scenario and I considered unlikely. This is historical support #2, which I did not mention in this post). In my mind, this almost qualifies as a panic sell - which is quite cool to be a part of actually!! It doesn't occur so often! It seems that BTCUSD long positions have recovered substantially as well with huge volume. I think we finally hit the bottom. There is nothing left to sell!