I wonder if the whales are planning to use the SEC decision in 5 days to make another huge dump. Even if at this point, a delay or rejection is pretty much expected and shouldn't have that much of a negative impact. But just like that fake Goldman Sachs story, everyone is always looking for a reason when they see the price dive, and it does add fuel to the panic.
Probably. Seems like 'bad news' is used as a cover-up for whales to manip the price. It has dumped to many times on bad/neutral news that everyone expected and then the newspapers say the market reacted on the bad news.