There's a general misconception about the recent news particularly the one about Police raiding Binance office. It appears that was a false accusation against binance.
Well what was that all about? I did read something about a raid on one of their offices and assumed it was true. Guess not.
How can anyone believe any news coming out of china? It's almost as bad as trying to figure out what's really going on in N. Korea, and as far as china's words about bitcoin go I don't put much stock in them and I don't think that's the reason why bitcoin dropped. I'm not sure if all that was intended as fud but it may have made some investors fearful and obviously there was a lot of selling going on.
Everyone is looking to find a reason why bitcoin could be low right now. Some says it is whales, some say it is manipulation, some say it is china.
Yeah, and it could be none of those or all of them. In my opinion it's wasted mental energy trying to figure out what caused this last drop.