I read that that one of the reasons for the dump is that some miners won't be profitable after halvening and are selling all their bitcoins and closing operations. Seems logical but the timing seems coordinated so could also be some whales triggering stops, but that's always the go to conspiracy excuse for any btc price correction.
Didn't I just say in another thread we don't trust it? 10% drop in 15 minutes. Nice.... I really don't see why a whale would want to crash the price, unless he is short of BTC futures.
the source didn't take their time about it, lol. you may very well be correct in your statement. do you have a verifiable source for the info that would be available to us?
I read it's TA stuff, whales or big traders saw confirmation of a resistance number and started shorting in size triggering liquidation of leveraged long positions. I'm a long term cryptos investor not a trader so just repeating what I read.
And they say a good chance for correction after the halvening before taking off...how much salt do I have..throwing out a few grains!
I only found this https://cointelegraph.com/news/bitcoin-drop-due-to-13k-btc-plustoken-scam-not-coronavirus-analysts
Bearish Gartley(ed) as in Past Tense. fwiw https://www.elitetrader.com/et/thre...t-right-here-baby.335635/page-13#post-5096081