It's like on the Wall Street, big guys are simply cashing out!
All the graphs and analysis are for suckers like 99% of all the so called traders!
Although graphs and the so called analysis could be useful for scraping, but scraping is only for the hardcore masturbators!
Either luck or insider knowledge, everything other is just lyrics!
Cheers!
I don't really agree with what you said about market analysis. There are some YouTube channels where you can see some live trades from time to time. They explain what they are doing and they usually make good reactions to what the market is doing. Of course inside knowledge will always beat market analysis, even on those situations, if you have a good strategy you will probably activate a stop loss and wait for a more stable entry.
I don't really think this is Wall Street guys cashing out. The price is way to low, if you compare it to where it was when they supposedly start coming in. Maybe they profited with futures, and are now getting out of BTC with a loss (in BTC, but clearly affordable because of the gains by shorting BTC futures). Maybe they are coordinating it with some FUD news, to get an even higher drop for the next futures contracts. It's hard to say, and for me this "lyrics", not market analysis.