It is a very volatile market; hence a sharp drop in price should always be expected and should not be a new thing. The demand for the market is low unless we want to keep lying to ourselves and one thing I am sure of, is that whales are leveraging on the fact that there are so many non-believers of the market with just the only sole aim of getting rich overnight, which gets them scared easily even at dumping at loss. In this vein, they move the market up, people aforementioned, started calling moon; the price could not go further and becomes weak, and then boom! It starts coming back down.