Hello Everyone,

I suppose everyone is well aware that the next Bitcoin halving will be around May 2020 which makes it 7 months before the halving.

Previous two halvings happened on 2012-11-28 and 2016-07-09.

Looking 7 months before the halving in 2012 and 2016 I don't see a parallel for the current situation. I'm not sure how much of a market we can talk about in April 2012 but the December of 2015 probably was a valid and well quite developed market, yet I don't see any huge drops around December 2015 (between 2015-11-02 and 2015-11-09 it went from $501 to $297 but back then this was still considered "normal" I suppose).

So how is it different now? What actually triggered the sell-off and why it happened?

• Is it just random walk and it will recover in 2 weeks?
• Is it the futures market swinging it?
• Is it the deteriorating economic conditions?
• Something else?

To me this looks like the sell-off during November 2018 when we went from $6300 to $3100 in matter of 4 weeks which made absolutely no sense to me either.

Any thoughts especially with references are greatly appreciated.

Reference: https://en.bitcoin.it/wiki/Controlled_supply