So I've been researching and reading in some groups on the internet and I was looking at the BTC charts, it seems a little to convenient that once the btc CME futures market opened on dec. 17th BTC has been falling and falling hard with no end in sight. Does anyone have an idea why this happened and how these people seemed to have caused the price of BTC and the whole crypto market to crash like this?
Well from my observation, before all this institutional investors came in, bitcoin was already reaching its peak, and them entering the picture somewhat push the boundaries even higher that if you are a wise investors you will not that sooner or later it will break up and you need to get out of the market.
But newbie traders doesn't care and they still poured their cash, unfortunately the market crash and then news of heavy regulations came in. So maybe that may have contributed to the fall but there are other issues that we need to look at like regulations, FUD and of course the Mt. Gox trustee offloading starting on that time frame.