I want to know why the equation $y^2=1-\dfrac{4x^{10^{12}}}{\pi^2}$ gives an approximate square. (See the figure below.)
Background
I was just playing around with functions and I wanted to see if $y=\left|\sin\bigg(\dfrac{\pi x}{2}\bigg)\right|$ (radians) would give a semicircle for the interval $[0,2]$ as the distance of $(1,0)$ is the same from $(0,0)$, $(2,0)$ and $(1,1)$, all of which will lie on the curve. The equation of a unit semicircle with its centre at $(1,0)$ is $y=\sqrt{2x-x^2}$.
I know that the curves of both the equations don't resemble each other much but I still thought of approximating the sine function using this because I thought that it could still be combined with another approximation to make a better approximation. Anyway, I did it and for $\phi=x~\mathrm{radians}$, the value of $\sin\phi$ can to be approximately $\dfrac2\pi\sqrt{\pi x-x^2}$. It looked like a semi-ellipse and so I verified it to find that it was a semi-ellipse. I thought of using this to derive the equation for an ellipse with it's centre at the origin and the value of $a$ and $b$ being $\dfrac\pi2$ and $1$ respectively.
The equation came out to be : $y^2 = 1 - \dfrac{4x^2}{\pi^2}$
Finally, I thought of playing with this equation and changed the exponent of $x$. I observed that as I increased the power, keeping it even, the figure got closer and closer to a square.
$y^2=1-\dfrac{4x^{10^{12}}}{\pi^2}$ gave a good approximation of a square. For the exponent of $x$ being some power of $10$ greater than $10^{12}$, a part of the curve began to disappear.
I want to know why this equation gives an approximate square.
Note : I would like to inform you that I have no experience with conic sections.
Thanks!

This is a rectangle, because for $x=0$ we get $|y|=1$, but for $y=0$ we obtain $$ x=\root{10^{12}}\of{\pi^2\over4}\approx 1.0000000000009031654. $$ For a square, you'd better replace ${4\over\pi^2}$ with $1$.