There is no reason to believe that the two events are related. People like to speculate about all kinds of things.
Hey, that's what this section is all about.
OP, the total market cap of bitcoin is $150.3 billion right now and I'm not sure who would own billions of dollars worth of it. However,
if an amount that huge got dumped on the market all at once, you better believe it would sink the price. That's why I don't think anyone would be stupid enough to do it--they'd be trying to sell bitcoin at falling prices, and that's not smart.
I think what is happening right now is called market correction.
Yeah, I guess. It seems more like a normal dip to me, even though bitcoin lost like 20% in value within days. That kind of volatility just doesn't surprise me anymore. I usually associate corrections with drops when the price of something is going steadily up. That wasn't the case with bitcoin when it happened. It was stalled out at around $10k for quite a while.