Yes its to risky to buy now as there are lots of bad possibilities. CME millionaires might dump it. And look at the chart. Its not good.
I dont think that it is 100% true. Though charts are not moving in good direction or we are not having the good time with bitcoin but I still think we need sometime to be given for the bitcoin to recover from the sink that it had in last month. The reason for this sink is scaling issues. Our transactions are too costly and they are not getting confirmed on time, Im sure that this is temporary issue and it is primary reason for bitcoins current fall. Millionaires will dump whenever they want but this is not the good time for them either so they wont do it for sure. So lets make this investment even tighter and hope that bitcoin will catch up the good market cap again.