According to @52kskew, a potential single entity has returned during illiquid trading hours to sell large clips of BTC, triggering significant market activity. Since the start of TWAP (Time-Weighted Average Price) selling, approximately 2000 BTC have been sold directly into the market, with a corresponding unwinding of about 2000 BTC in long positions. This concentrated selling pressure during low liquidity periods has accelerated long liquidations and created volatility in the BTC price, offering short-term trading opportunities and highlighting the risks of trading during off-peak hours (Source: @52kskew on Twitter).