heres the story about the exit scam https://www.youtube.com/watch?v=7vlt0lLzzYQ&ab_channel=SlightlySociable
basically, Empire Market was the most recent edition of the Silk Road. The admin took all the Bitcoins and ran. Guessing it was a few millions of dollars worth of Bitcoins. So maybe he dumped them yesterday and that's what caused the price to drop?
Think we'll see the price walk back up over, if this is the reason. Seller is gone!
Was Empire Market so big that its exit scam will cause bitcoin to drop from 12000$ to 10300$ ?
1700$ drop in two days is not usual and it can't be because of only one incident of scam of empire market. There are mutliple factors involved and whales just add more to the drama.