I was wondering myself about this and i don't know but i suspect YES.
Why ?
It was odd how sooooo many coins including BTC suddenly tanked into oblivion.
Almost like it was organized etc.
I do know that this revolves around user numbers + whales.
If whales see the crowd flowing into the scene is stagnating they will super dump.
Then probably get the stragllers with a bounce trap of sorts.
It's happened lots before..
It always amazes me how the investards in crypto fail to see they need an ever increasing flow of NEW users..
Or it crashes price wise.
So think about it if the amount of new users coming in and buying coins already made start to go sideways then smart People will see the signs and triggering dumping trends.
Which fuels the majority to dump and then causes more people to leave and even less users to come in.
It's like imagining a pyramid scheme will always have double the new users each month.
It's simply impossible and destined to fail casuing lots of victims.
You're lookin' at it "investors"
You were warned and stupid and greedy and you deserve it.. go broke faster idiots.
I have no sympathy for you ICO shitheads.. and other greedy misc morons.
PS:Cheap coinz nom nom HODL moon etc etc..