Just noticed a sudden drop in all the top cryptos, is there a large cash out for fiat in progress??
It was not necessary a cash out. I think there was a sudden major correction in Bitcoin price which resulted in a significant drop in price. However after the correction the price of Bitcoin will sour higher again like an eagle. Though some inexperience investors did panic and sold some of their portfolio thereby resulting to great cash outs.
Well big holders might be playing around and doing their stuff, I'm not sure if this just a correction or a holiday rush where holders are cashing out for their holiday expenses better to stay away from the trade, you might lose your money if you play with bitcoin as movements isn't showing good for us right now.