I firmly believe this is an orchestrated event. It happens everytime the price rockets and drops and it's going to happen for the next 10 years. There's a lot of money to be made in getting the prices to the bottom until the point where the compression is so tight and they declare all fine and well when Segwit is implemented that the next boom comes riding the new and improved BTC. They want you to be afraid. They want you to sell. When the bottom comes, the stupid money is to afraid to get back in. That's when they collect the cheap coins. A few months down the line stupid money gets back in on top and the entire process repeats itself. And you're going to want to be there for that boom. Forget what they tell you in the news. It's all manipulated.