For people wondering what is happening to Bitcoin for the second day, it just happened on November 9-12. NYA infamous people pumping and dumping then moving their BTC to other coins.
At Coinbase (former member of NYA) there are no BTC available for purchasing, go figure Grin Grin
Coinbase HAS BTC available.
Furthermore...
Things are a little different than on November. A lot of people are using BTC to buy altcoins, particularly ETH had benefits by going undeservedly high without any match in something real, having RSI(14) in eccess of 81% yesterday and >83% at my last editing time.
All the first 16 cryptos by market cap are loosing bar ETH NEO (China's ETH if my memory serves well) and ICON. Conclusion: many are cashing out BTC mainly for flat/ETH. Why?
1)https://www.coindesk.com/bitcoin-faces-bearish-move-as-prices-drop-towards-15k/
"Caixin Global reported last week that local regulators in China may not longer offer discounted electricity and tax deductions to mining companies. Further, a leaked document now suggests that China's top internet finance regulator is requesting that local governments push bitcoin-mining operations towards an "orderly exit" from the industry. "
2)South Korean banks/exchanges are under scrutiny:
https://www.coindesk.com/south-korean-banks-face-scrutiny-crypto-exchange-ties/ Coinmarketcap site removed IMHO more than appropriately and in a timely manner the three big S. Korean exchanges Bithumb, Coinone and Korbit from its average calculations
https://www.coindesk.com/the-crypto-market-just-dropped-on-one-data-adjustment/ as prices on those exchanges have consistently traded far above the rest of the market, such as the more than $5,000 spread spread compared to markets like Bitfinex and GDAX.