It's crazy how one whale can disrupt an entire market,...
What is crazy is that people believe that $400M is selling affected a market that has billions ($7.7B in the last 24 hours) when moved over a 6 month period.
It didnt happen. Selling $400M in one day...that has an impact. I doubt if he dumped it all in one month if it would make up that much of a difference.
What do you think it was, just a combination of bad headlines and other FUD? I guess I thought the numbers were higher, is this just mistaken FUD? The dates do line up, but maybe that's just coincidence.
To be fair, a whale could disrupt the market, I'm sure there are a few out there with substantial holdings that could spark a fear based sell-off
Don't forget Korea and its claims of banning crypto. It scared a lot of asians, and maybe this Gox was one of them.