BTC blew past the $4,000 psychological support level and is now desperately struggling to maintain $3,950. Volumes spike after blowing past this support level indicating stop losses have started triggering in conjunction with longs closing.
At time of writing, BTC found support at $3,950 but is struggling to maintain closes above $4,000 signaling this could now be a critical resistance level. $3,810 is the next major support if $3,950 breaks.