As per this article: [ https://decrypt.co/99704/terras-luna-declines-10-amid-ust-depegging-concern](https://decrypt.co/99704/terras-luna-declines-10-amid-ust-depegging-concern)
UST and LUNA are in constant pressure and it looks like someone is deliberately trying to depeg UST in order to force Luna Foundation Guard (LFG) to sell their BTC reserve.
The massive amount of BTC short positions opened in the last hours together with some weird massive buy walls on Binance spot market at certain price levels also might hint to a manipulative behaviour that aims to crash BTC through eventual LFG sell-off and take profit through the opened shorts.
Combine that with the fact it all happened in Sunday, which is traditionally a low volume day and here we are.
Keep cautious. We don’t know how institutions will react to this blatant manipulation. Next few days will be very bonky.
