For two consecutive days, Bitcoins fell late at night. There are many rumors on the Internet, some people say that the exchange joint bankers, institutions, a hanging of retail investors. Others say they are preparing for big organizations to come in one after another. But in any case, retail investors are innocent.
Even I am pretty much confused about this. From last 6 months what we have known is that BTC prices fluctuates because there was a lot of bad news and because the Bakkt futures were being delayed and delayed by SEC. So what I expected was when the Bakkt futures be launched price would actually boom. But now when I get the new that they are approved BTC hardly marched a bit. Then after a day or two I heard another exchange trying to come into Bitcoin futures get it's decision delayed so BTC now is again going down. Well it's too wierd that BTC goes up without any good news while falls imminently with a single bad news. This is a complete conspiracy in itself.
Conspiracy theories again, I really can't understand you people. Every time when the price goes down some dark forces are to blaim and it's funny how we don't see such theories when the price goes up.
It's just price correction that is part of volatility process and probably conditions on.the market that lead to this correction. For some longer period of time we had relatively stable price then slight rise and now it droped. And this has also nothing to do with launching of Bakkt, it's just time coincidency.
I am not saying this just because price has fallen I said this even when the price skyrocketed like anything. Bitcoin is a pure manipulation done by some big whales.