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
I think that the dump of the bitcoin price yesterday and today is normal because we all know that the volatility of the bitcoin was really big and yet compared to the past months it is quite bigger but it is also because the price of bitcoin is big then the dump was normal due to it's price compare to the price for the past few months. I've notice that many people are being afraid of what happened today and yesterday due to the dump, I will say that it is normal and it is just part of the price correction so don't be nervous and scared on it.
^ We don't know the exact reason but probably the reason is there are institutional investors that trying to manipulate the price of BTC, I saw on the whale alert group that there are too many big transactions transferring into an unknown wallet. Or probably, the tweet of Elon Musk regarding the "BTC is BS as fiat". Nevertheless, there are too many factors to consider but let us hope that BTC price will not go down beyond $20k in the market. I know that this was expected that there is a dump after a bullish trend market.