This was as always one whale selling lots of coins in a matter of minutes and plummeting the price.
Hopefully he buys back soon :-)
I think so as well. The price was way too sharp a drop after all. It was almost instantaneous and caught me off guard. I honestly thought it was just gonna hover around the 7900 mark then rise up or at least steady itself by that much.
I wasn't really expecting a possible push towards 9k. The Plummet really caught me off guard. Although it is good news for others and maybe me as well cause I'm considering of buying more BTC before the bullish season. If so, then I'd probably wait a few more weeks and see if it would drop any lower than it already has.
Am I just over optimistic and blinded by things happening the market today?
You're not being optimistic. It's just that the market at the moment was manipulated by the whales a bit which caused the price to drop sharply. I hope it would rise back to normal again one of these days but who knows. It really is unreadable at times after all.