But I bet "East" is again guilty for this price drop -more precisely South Korea : http://news.cryptoofkorea.com/2018/05/11/upbit-suspected-of-fraud/
Timing is a bit odd, we were going down before this news was released, maybe some people in South Korea knew about the investigation beforehand and began to sell?But if the Upbit news is the reason behind the dip, then I wouldn't worry too much about it. In January, bithumb was raided by police and there was a dip in the prices, but it lasted a couple of days. People should look at this dip as the perfect opportunity to buy some cheap alts or some BTC.
I do not know about timing, but there is a possibility that someone had information what will happen and start to dump coins, and since South Korea is very important market it has reflected on the price. The current situation shows us 900$ drop in price in last 24 hours, which does not look so good at all, but it does not look promising also.
However, maybe you are correct and price will start going up after Upbit case is solved - under the assumption not to end with some tragic outcome.
