The market seems to be bleeding now, Bitcoin is only down by 8% at the moment but major altcoins are down double digit.
https://coinmarketcap.com/Will this be the start of the bear season?
I agree with most people in this thread, that we are still seeing a normal correction at the moment and no major dump, in the end we are still dealing with cryptos and price fluctuations of 10% per day are not that unusual here. I think the reason for this price movement is that whole evergrande Story in China. If there are more real estate companies that will be in big trouble soon then we will most likely see another downward movements at all markets not only in crypto.