But no... don't even so much as breathe the word 'manipulation' on these sub, lest you get completely ridiculed and called a tinfoil hat wearer. Even though the whales' intentions are so obvious an 8-year old could figure it out with the data.
I'm of the opinion that a large buyer is purchasing off exchange blocks and dumping on exchanges to build a massive and cheap stash. Nothing else makes much sense. Sure people panic but many of the sales come when you would least expect someone to panic
1. buy off exchange
2. wait for price to go up a little
3. dump 20% of 1. on exchange
4. buy off exchange for new low
5. repeat
this way a multi million purchase could easily pull through with 30% discount or more. now that is just one large purchase. i bet there are more than just one. squeezing it a little moah... just a liiiiittle moah...
btc is a victim of its own success (lol) and price is killed not by enemies but by supporters with deep pockets...