Argo Blockchain's stock has nosedived 86% over the past two weeks, driven by a technical breakdown and regulatory developments. The company's shares fell sharply after breaching a critical support level between $6 and $8, triggering a wave of selling pressure. A Form 6-K filing on December 12 confirmed the bearish outlook, coinciding with a fear and greed index indicating extreme market pessimism. The lack of buying interest and forced selling due to liquidity stress have further exacerbated the stock's decline, as investors rapidly reassess risk.