Right now bitcoin price is dropping and everyone thinks it's due to the fear of what might unfold on August 1. Is it not possible that some whales might be using this situation as a cover up to manipulate the market yet again?
The price drop is actually a chain of bots reacting to the drop in the price. You have some people speculating and they configure fail safe sell points to protect their investment. Once a specific price threshold is met, the trigger kicks in and the bitcoins are sold. If a group of whales suddenly drop a few coins on the exchanges, then the triggers are activated to sell and this trigger a chain reaction when configured sell thresholds are reached.
So yes, in a way bots are still in play. ^smile^
https://themerkle.com/top-6-bitcoin-trading-bots/