2 flash crashes last night about 800 points each and then a 1000 pt today? Do you know how much capital it would take to do that? Is the government testing the market to determine things like the effect of cash inflow/outflow? To provoke chaos in general to scare people away? To setup a master plan for long term damage to the market?
I thought last night was crazy. but today??
I think there's just a lot of uncertainty at the moment about where the price actually belongs as well as a large group of people holding but now looking to profit by selling close to the top. There was just a huge swing in the last hour or so with over $30m traded on bittrex alone usdt/btc, that's more than in the last 10 or so hours combined. Great times for swing traders.