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?
The Bitcoin whales don't actually want a new ATH. They want to create panic selling,by selling a part of their coins,causing the prices to go down,so they could buy cheap Bitcoins in the future while cashing in profits at the same time.
A stable upward price trend has to be supported by millions of newbies buying BTC.I don't see this happening,so it's normal for a price correction to occur,sooner or later.
True, Bitcoin whales may not want new competitors. Who knows maybe in the future we are likely to witness a war between those who want a bitcoin price rally and those who don’t.