Bitcoin price collapse yesterday

[akirasendo17]

The reason why bitcoin price goes down yesterday is not about bakkt , its because someone transfer a large anount of bitcoin to an exchange , I thinks its a whale or someone who wants to unload
and then sold it, and that makes others panic selling their bitcoin holdings, but at the this moment the price is still okay

[poornamelessme]

Or indirectly Bakkt was responsible... the whale may have used the lackluster Bakkt response as a sign to dump his coins. Or the whale is just playing normal whale games, chomping up cheaper coins after his dump, who knows.

Generally speaking, big or little events, whether good or bad (exchange hacks, regulations, libra, Bakkt, etf news, developer sneezing) seem more like excuses for whales to do their whale thing, pump or dump, vs organic growth or decline from any actual event.

[dataispower]

The dump in crypto market prices yesterday took everyone unawares. Many are bringing up different suggestions for the cause of the dip but the fact remains that we can't know for sure the exact cause. Some market players may be doing their thing, when dip sets in more and more people tend to dump their coins. It's not only about bitcoin, altcoins too dipped with wide margin like ETH, BCH, BSV, ADA etc. The good thing is, with patience the price should go up in due time, some are already recovering and it's normal in crypto market.