Quote from: AmoreJaz on Today at 06:04:00 PM

Quote from: BABY SHOES on Today at 05:21:13 PM

Quote from: adaseb on Today at 03:51:13 AM

So either it’s a coincidence that it happened the day prior or there was some leak. Someone knew about this, most likely someone at coinbase or the government and leaked it and everyone shorted.

But when the news came out, it already bottomed. So it’s strange.

Maybe this is a little leak from an insider because if there is no news of this then I don't think it is possible that the price has dropped so much even though the price has dropped this news came.
Remember that news of leaks will always exist sometimes when people already know then they will take advantage by going short, it was worth it a few months ago where one Cointelegraph went short and profited from it.

We don't know what actually happened but for sure, they gained a lot from this sell-off, if they really did sell some of it. High likely, they did as we have seen the price declined and was also wondering at that time. But here we are, heading back to 70k again. That means, this sell-off showed that even multi-million or billion-dollar sell-off is involved, it won't cripple the btc market.

We can't deny that it has affected the market by this news, so we should take it as it is. We can conclude that there is an impact indeed as the price plummeted to $65k or below after gaining some momentum to $71k before the weekend. Nevertheless, in the last 24 hours, market is back to being green. Nothing that we can do about it, but as we get near the halving, this could be another opportunity to buy more at $65k-$67k. And yeah we could be heading to $70k or even higher at the end of the month but not seeing huge jump to $75k. And people forget this news very quick, investors have short term memory with this kind of negative news in a bull run. So regardless if there is a leak, it will settle down and everything will be back to normal (positive sentiments).