^^^^^^^^^^^^^^^
This.
Chinese are selling btc like crazy so they can buy stocks. It is the reverse of the 2013 bubble that saw Chinese driving up btc price to 1200. We are looking at btc going down to 120 in the next following days.
it has been said many time, that it was willy bot, an hacker that hacked gox and start pumping the price to cash out in a second phase a big amount, and causing the current enormous drop
personally i'll not be touched by these swings, still holding