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?
You are reading too much into the situation, the price was simply unsustainable and now it is going down because of that, that is the way any healthy market will behave, we do not need weird explanations about whales manipulating the price or hedge funds moving the strings, many people began taking their profits and others began to sell in panic and that reduced the price and now we have reached a support level.