The current bearish Bitcoin price pressure has made a lot of traders and enthusiasts uneasy.
The reason for the uneasiness is that there are no real reasons for such a collapse when there has been a decline in the past, the reason was bad news or a logical reason to complain.
The decline of more than 30% without a convincing reason prompts you to feel a kind of manipulation, especially with the influence of the nonsense "BCH, BCH ABC, SV", and other attempts to affect the prices as a whole.
in a bear market, the market never needs a reason to crash. the market is already defined by strong supply and weak demand. news is just a catalyst, not a cause.
think about the silk road shutdown in october 2013---a momentary crash before an epic bubble. or the shutdown of btc-e in july 2017. or the first ETF rejection in march 2017. quick selloffs followed by quick recoveries and new highs. why? because these bad news events occurred during strong bull markets. see, nobody cares about bad news in a bull market. but in a bear market? it's a reason for new lows. it all depends on the underlying market conditions.