BTC dropped. BCH dropped, ETH dropped. Here is my theory on this guys.
There is a few individuals on the live exchanges at the moment who are profit chasing by 20 dollars. For example. Loads of people will buy up to $10,000, soon as it hits $10,000 or a specific set number. You will see a massive number of sell rather than buy, but some will be still buying. Is it the new hedge fund guys getting in on it?
The normal correction of price make people panic,knowing that this really affects in the market,when it hits to $11k on those previous days we were amazed by its rapid increase but somehow when it dumps to $9700 some holders think that it will continue to its dip and afraid that it could not recover.Panic selling is what other investors did,for me theres nothing to blame if they sell because every investors looking forward to profit in the right time and if they invested bitcoin at an early age well they can get alot of profit when it hit to $10k or above on those previous days.