someone clearly needed some fiat fast.
You seriously believe these sells happen because people need fiat? I.e. that they withdraw money from exchanges?
i haven't said that's an explanation for every dump on the market, sure there are often other reasons,
but miners have to pay bills and companies for hardware and what other way is there to get fiat out without least slippage?
steady selling of lower amounts would be more devastating imo.
the only language right now for btc to learn to communicate in the world is fiat.
eventually i was just speculating I can be totally wrong on this one,
but I'm sure not every dump is purely driven by manipulation. economy can't rely only on btcs to grow.