All the fud and whales taking profit,slowing down progress in crypto.no wonder new money is not coming into market .perfect opportunity to short the market. I don't need new money to come in to profit, I'll just take a chunk of what's already there . In my opinion this is very healthy. Lots of weak hands exited crypto lately. Serious investors and hodlers remain.
These whales know how to act when things like this happen so I agree that they made millions just by short trading. The volume that was removed from marketcap was obviously them taking the profit from those weak hands. Buying at the low then selling when it rises, taking the profit out that they got after and investing again at those quick drops.