This is the proof why many of us calling the market now is a bubble or over hyped because almost all the prices of the coins even bitcoins, ethereum and many more are resulted mostly of hype so there is nothing new to this kind of scenario of fast dropped for the prices of the coins and if you are a true believer with a high faith then all you need is patience to hold.
Yeah it is a bubble because there is no fundamental reason for the rally to happen, so to me all seems to be speculative money that does not what it is doing or it is money that is trying to manipulate the markets to is advantage and in any case this is going to go down at some point as they withdraw their money.And my pure magic the bubble refuses to burst.
It was going to pop in May , two weeks ago , last week also but the bubble seems to be made of iron
The last drop was probably due to heavy whales selling some of there stashes, if you even look at the exchanges one by one, the fall was first located in coinbase price and later followed and covered the rest of exchanges, so maybe that is a sign of the big "sale".
And of course the reason is the whales. Well, it is always the whales. Or the bears.
Damn animals.
