what is behind the dump which is in progress last couple days ?
I know its volatility , but comparing to last couple months its quite bigger
Cheers
No it's not bigger. Look at the percentage of the drop, not the amount it dropped by. You will see the price dropped in percentage is "very normal" when compared to previous years. And you should have expected this. The price won't be going up forever. A correction is always healthy for the market. It enables new investors to join the market.
The only "reason" is that people are cashing out on their profit.
Weak hands selling off is one of the main factor on the multiple dump since yesterday. Since coinbase news didn't fully stop the bears yesterday, Weak hands are now selling in able to exit with profit before there position got loss if the long bearish season occur. Most of this sellers are those swing trader that bought when coinbase news released.
What coinbase news are you talking about?