No, you can see earlier one of the biggest whales cashing some funds to bter (largest address)
http://blockscan.com/address/1727McPbguq8FRMiUSzUs85eEG98sfzgvZ
maybe they decided to sell some. Although they must be dumb to try that, they really should be going down OTC route or at least really slow trickle sell with patience otherwise they are massively devauling their own stash
Perhaps more likely is someone offloading urgently- particularly if they are selling their entire holdings (in which case they don't care about what level they dump to so much, in fact better for them if it stays low rather than bouncing up again)
e.g https://forums.counterparty.io/discussion/comment/4255/#Comment_4255
You can see clearly is single market orders dumping sequentially indicating a single trader, not a bunch of them..but ofc one exchange tends to follow the other. Same story on polo which is even less liquid, And since market tend to trade on momentum of course others can join in on selling 'whilst it's going down'. in order to allow themselves to accumulate at a lower level.
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