I think that will there were some events around the market downfall, this was all orchestrated by speculators. They drove the price up at a level they would have big gains than they started to sell. Of course the sold also with dropping prices but up until one threshold... But the funny thing that they just initiated the movement, the market kept the trend, the investors panicked, they started to sell, the proce dropped higher and now the speculators started buying again but keeping the price as low as they can.
Thus, while they win big, they fill up back their cryptos balances and can repeat this at another time.
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