There must be a short of manipulation behind all this.As soon as the price is where they want big sharks to be they ll buy cheap and then the price will go up again.till then patience from all and hold
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I am not sure if this is manipulation, or unfortunately as much as we want to, BTC is still not considered a hedge for traditional markets specially with all the FUD that was running around in the last couple weeks. and looking at how they been dumping, it's very much possible they dragged BTC with it.
you can read about it in my previous posts.