Bitcoin experienced a significant price drop last night as major players executed coordinated sell orders. Between 19:50 and 20:55, 11 large market sell orders totaling $46.88 million were placed, leading to a concentrated selling pressure that caused the price to retreat. An attempt to buy back $38.38 million at 22:35 failed to provide sufficient support, resulting in further price decline. During the Federal Reserve announcement, a -379 Delta reading indicated aggressive short selling, followed by renewed buying from major players, which triggered a short-term rebound. The sequence of events highlighted the impact of major players' actions: initial distribution, insufficient buying support, continued short pressure, and eventual rebound. This underscores the importance of monitoring large trades to understand market movements.