Today many people stating that the bitcoin is rapidly falling because of the outbreak coronavirus, it is because they are limiting the transactions for over the world and stop trading for a while but they forgot the whales those are the people who can be responsible for this changes because they have the huge amount of coins holding from the previous analysis still there is a 42% of the coins still not circulating for over two years and this is a cause too why the market price of the cryptocurrency is not good enough again. If you can see the market price of the coin having changes and going up rapidly in just a single day and back to lower price this is because of the whales they are diving into the dip and grabbing the opportunity collect coins as many as they can because the halving will be coming in the next few months and expect that the market price of the coins will back to huge changes.
I don't think that the bitcoin price dump was just caused by the whales, what I believe is it was due to COVID-19 Pandemic that causes the panic in the global scale if we compare to other sectors of trading like stocks, etc they are all down altogether because of many stockholders are selling theirs for liquidity and cryptocurrency is not exempted thats why most of the top cryptocurrency price is falling down. because of the covid-19 scare worldwide.