Bitcoin whales number has hit ATH, price went up so fast to $19k and suddenly dropped by 16% today without any rational reason with huge liquidations happened on exchanges. Does anybody else see a conspirasy theory here or it's all pure coincidence?
No coincidence. In market that comes up, time will come that it has to go down. And for it to move on to the next higher price that it has to break, there must be a strong correction. I don't even think that the correction that happened is that strong.
But that's part of it. Every time we see bitcoin goes up, always have that expectation that it will go down. As for the whales, they always sell at the top.