Here is my opinion:
- Nowadays, many people are less interested in bank products.
- Many noobs entering the Cryptocurrencies market, and they only know Bitcoin, not altcoin.
- Venture capital also entering Cryptocurrencies and want to avoid tax.
Some people are speculating that agressive selling activity could have been used to drive down the price of bitcoin on the exchange and turn the future contracts into winning bets, Back of the envelop calculations, suggest that as little as a million dollars could be used to shore up future positions and influence the auction market.