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?
I don't think there is a coincidence, the market is very on the overbought region for some time now, so all points to a solid bearish signal. And at $190k a pop, there is a lot of emotions in this zone, so obviously, a sell-off happen.
But it has slow down a bit for now, price is above $17k, and in 24 hours timeframe, it is now on the
~10% drop.