Do you feel this market just flows naturally and it's just weak hands throwing money into the wind again and again? Or do you feel that there is a more sinister hand at work here?
There's nothing
natural or
organic about the recent dump. IMO it was clearly an attempt by the whales to trigger a new round of panic selling so that other whales can buy cheap. Fortunately, they couldn't crash the price below the support level (6k), so I doubt they've accomplished what they wanted in the first place. Although, I wouldn't be surprised if some weak hands decided to dump as well taking the price further down, hopefully, we got rid of them during the last drop.