Consolidation happens in every market, even apple's stock price can come down 50% of every swing. It's just that the volatility in crypto has raised our expectations. Speculators do not hodl and you need speculators for every market else it is just going to be a parabolic move up and then a swift parabolic move down without any liquidity.

Hi I have an unverified bittrex account too. It's basically useless because it has been unverified for about a month and you can't deposit funds into the account.