Is Bitmex to blame for the price crash or is it the darn futures?

[SiverSurfer]

The Bakkt futures was supposed to push up the price, because it is the first time that institutional capital entered the market. Yes, it is still early days for Bakkt, but it is a bit of a disappointment that it caused a drop in the price. I think a lot of people bought bitcoins in anticipation for a blowout event, where the Bitcoin price would have skyrocketed after the launch of Bakkt and then the opposite happened.

So the speculators might have started to dump some coins due to this disappointment or because they over extended with loans to buy these coins on credit and they are selling now to pay back the money, before the re-payments starts. 

Most institutions know that it's a dump sign a few days before the Bakkt. They knew.

[Pab]

There is theory that Bitmex technical problems triggered last sell of
But price did not recover from that time.There was several bearish TA factors.I think it  was  real reason of dump
There is theory even proven that   bitcoin is predicting future sell off on stocks
To be honest bitcoin price was crazy high.bitcoin above 10k most people were estimating above 10k at the end of year.I look at that like a deep correction and most important indicator for me is bitcoin dominance

[dothebeats]

You could point some of your fingers towards Bitmex but I don’t think they are the sole culprit for the said crash. They certainly aren’t the main trigger too knowing that we have had dumps of similar proportions a few months back but we remained stable and true to $9k-$10k ranges still. I wouldn’t mind Bakkt since they already seemed to be not important in the scene currently and people expected more from them. But I guess it seems that they couldn’t handle it qiite yet and would need a lot of persuading to get a footing in the market.