I think this crash was planned and orchestrated, many things came together and created this perfect storm:
- The mid January (Asian New Years) sell off.
- CMC removing Korea without announcement.
- Whales dumping and weak hands jumping in.
- The mainstream media (and even Cointelegraph and others) writing fake news FUD articles every other day (whenever it went up a little). So many fake news articles: Korea bans Crypto, India bans crypto, the list goes on.
- Tether FUD. What happened to innocent until proven guilty? People just assumed that they are scammers. The reserve banks of the world print unlimited money and pump it into the economy, stock market etc. But Tether is the BIG problem?
- The 100 richest Bitcoin adresses have increased and not decreased their holdings during the last four weeks.
Anyway, this correction / crash might also be a good thing, a lot of people came in for the wrong reasons, not caring about blockchain technology at all, expecting to get rich in a few month. This might be a needed cleanse and gve a fresh start. At least thats what Im telling myself.