People really need to start understanding that this trend is normal and the less they panic, the lesser the volatility reduces. Normally, some whales who love to control the market usually get to work hoping to get some profit just like any other normal trader, rather than panicking,
I'm not sure if this is the cause of the slump or not, but judging by how many idiots are involved in Bitcoin and how easy they sell, I would not be surprised that a single bankster has fallen into the market.
But people want to have fundamentals in their analysis to assess what is happening with the price, and the current basics are the same as the $ 4900 price. The only thing that changed in my book, is that JP Morgan jackass says that Bitcoin is a fraud.