Every time price goes down the larger sales happen on Bitmex, I know faketoshi use Bitmex, once this player run out of coins the market will rise again.
And his name is Craig Wright. Is no one here not watching the market like a sane person? Are you all oblivious to what happened ? I mean dude literally told himself that he is selling his coins. Dude basically sold of his bitcoins in order to both buy hash power for bitcoin cash satoshis vision and he also tries to spend his money to buy bitcoin he created in order to make the price go up and make it look like it worth something. In reality that coin worth nothing and no one will use it and it will die one day. I said the same thing for bitcoin cash and it did not happen however I still think there is a huge possibility this one will. So long story short yes this dump is caused by one large seller and this has been known for 2 weeks now, no need to be shocked about it.
That's if you trust a word he actually said. I would think if he was telling the truth someone would already have found his wallets and shown the trail of bitcoin flowing out of them and to exchanges to be sold. I don't for one believe that he actually sold his bitcoin, I think he was just trying to use that story for leverage.