That might be true I don't know. But why do we need such theory to explain this crash? I think it would already come , it is even an overdue natural crash.
It was not a crash came on, it was just a normal dip, there is nothing strange with this and this kind of dips are always common in here. In fact, they are just another opportunity to keep buying more and then enjoy the profits.
You really don't know what's the difference between a market crash and a healthy price correction.
Hi folks.
Just sharing this interesting views of a poster on reddit:
The cause of today's chaos is likely large hedge funds using expiring BTC futures contracts as safety nets to exploit the only sure-thing in this market: a large amount of new/overextended investors who are easily moved to panic sell during a flash-crash.
It is likely that such drop is clearly caused by manipulation indeed, I find this theory interesting.
One can also notice that every year since 2015 there is always a drop in January and this may be also due to Chinese new year. This is also possible but I don't believe small holders will cause such drop, so the hedge funds theory is more likely.
You can read more here >
theory on the real cause of today's chaosI never heard such theory before, well of course it's the first time that we have such bitcoin future contracts offerings and may be very well used by financial institutions to create panic and newcomers bailing out of the market.
Well manipulation was the name of the game here, there are here to stay as much as we don't like them. Bitcoin is really becoming a playground for the big boys. They can do whatever they want, whenever they want to their benefits.