My belief is that the crash was induced by market manipulation. Group of people who holds some amount of BTC sells their BTC on coinbase or/and other exchnages to get market in red. In the same time they have leveraged postions on other exchnages with short postions. This is relativly easilt done bceause btc volume is small and therefore they dont ned a lot of money . the rest what happened was panic of the market. Its hard to tell wether it is healthy, it shacked of a lot of investors whihc have lost a ton of money but who will come and take their place..
I agreed. This is the biggest manipulation to get multiple profits. I was told by a trader who has been trading in crypto and forex, that big players are not afraid to experience losses at the beginning to gain multiple profits. We can see the panic of the holders and be aware of the current trading