This 'analysis' is not based on much tangible serious information... Its an opinion, not something I would rely on...
Sure, it's only a $4mn per year hedge fund architecture that showed this move forming two months ago, there is this great presumption that the financial markets cannot whipsaw and out maneuver even well seasoned crypto traders.
That drop a few hour ago scared the truth skin out of me. I do not know what could have caused it. Did the president of the central banknof Japan or someone else prominent die?
"Now the banks are coming onboard, that is shifting to a more synthetic approach of price discovery, long flat periods with flash moves." and so it is.