Why did the price crash so hard?
Someone dumped 25 BTC of BCO in one day...
Being smart and selling gradually over a week would have netted them 20-25% more.
Maybe this happened because his staking period has ended, and wanted to get out as fast as posible from Bridgecoin project and didn't care too much if he may crash the price or not. But I agree he/she was not smart enough to sell in stages, so the price can recover a bit after 1 BTC sell for example, he could make more Bitcoins out of it.
I suspect that a lot of BCO will be released from staking in the next 2-3 months...
And you will see more selling, but there are also believers in this project.
As for the 25 BTC dump... lots of people bought around 7000 sat and it's now back to > 10000 sat.