IMO bitcoin futures had more to do with this than some experts are saying.
Has no one noticed that the BTC expireing dates have always been in the days of low BTC price? and most went short?
Whales have moved in to BTC since they where listed.
They set their shorts in a suit and tie, get home and pump through exchanges in jeans and t-shirts.
Half way through the 4 weeks they start to sell, first profit made.
the price drops and second profit made on shorts.
I had an idea this was coming when i heard two stock brokkers talking in a high class bar in London, conversation was buy BTC to get the price high untill december then sell, set your short and we can profit until Btc coin floors in may. They also said the crypto workd will all tuen on them selves blaming each other at the drop and look for any excuse to blame everyone but us!, dived and conquer
i may be wrong but if this was not planned through whispers across the stock exchanges in nov/december?
i am of course not an expert but would like some more experienced people to prove my idea wrong.