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?
It's a mix of everything you've mentioned, there is a conspiracy and co incidence that some people wants to sell on the time that whales are selling, buyers and sellers have different mindset and situation why they are selling and why they are buying, this is how volatile the market is, we can only have a big pump when the mindset of the whole community is synchronize.