Indeed, "crashing" is too harsh a description to a dip which may be worse than before but definitely not as worse as a crash.

Well, the link is apparently a bait for the site which is obviously looking for subscribers. I din't proceed signing up. My sole intention was to curiously read another new theory or speculation about the price drop.

• Somewhere in August and September there is what the chinese call as Ghost Month. And knowing that these people are very superstitious even in business and finance, they observe so many dos and donts, during this time when they believe the gates of hell are open. But I don't think it could influence the market the way the huge drop happened.
• Same with Bakkt, it could affect the market but not that much. Not to mention that Bakkt took off in a low-key manner and with a very moderate volume.