Bitcoin (BTC) has experienced a 2% decline in the past 24 hours, trading around $51,100, with significant liquidations occurring. Technical analyst Ali Martinez has identified a sell signal on the Bitcoin 3-day chart, predicting a potential 10% price correction based on historical patterns. Additionally, whale selling activity and the upcoming Federal Open Market Committee (FOMC) meeting minutes are contributing to market volatility and bearish sentiment. Total liquidations in the past 24 hours have reached $305.9 million, with Bitcoin liquidations accounting for $77.4 million. The open interest in Bitcoin Futures is at its highest since November 2021, indicating increased market interest but also potential for further liquidations.