Is the crypto bubble finally coming to a end? Why and HOW is it possible for bitcoin to dump that much that fast? Is bitcoin controlled by 1 entity and will that entity dump bitcoin to $100 one day?
I think you are very new to the bitcoin world. Whales do manipulate the bitcoin price but it is not control by one entity. Yesterday there was a fud of Bitfinex covered 850$ Million dollar loss through Tether. This news made the market dump but it recovered fast. There has been manipulation going on with bitcoin and crypto currencies.
Everyone shorting or longing the bitcoin would have been REKT by this bitcoin move.
I believed price is reacting to the fundamentals that why its very important to take notes of crucial and upcoming news about bitcoin that can influence the price of bitcoin every cryptos enthusiasts and traders shouldn't be caught unaware by such an event that can make an instant impact on the price many traders must have taken profits at a price of $5600 before the announcement while the price retraced to $5100+ this is another opportunity to buy and accumulate now.