I see a lot of topics talking about why bitcoin did this or that. Sometimes there are clear indicators as of why but many times it simply happens. Coincidence, trading bots and simple TA can affect the price and create a snowball effect easily.
coincidence on what OP?sorry i think i missed that part.but trading bots and Technical Analysis are mostly something that added on why dumping happens because panicking reacted too fast even in a simple matter of lowering the value,and sometimes market shaken
Imagine 3 whales with 1000 btc each decide to sell bitcoin and by chance they do so at the same time. Of course the price will tank and people will wonder why, bots will follow and so on.
on that situation maybe they intended to do as well?i have got this feeling that some whales are conniving to manipulate the market by creating Fake Pump and Dump,this cant be made by single whale alone not unless he holds millions or hundred thousands of bitcoin