Price drops 5%. Everyone panics, shits their pants, it's the final capitulation, it's over. Oh noes.
Price stabilizes, rises a couple percent, everyones like wow this is over. TO DA MOON.
Price drops another 5%. Everyone panics, shits their pants, it's the final capitulation, it's over. Oh noes.
Price stabilizes, rises a couple percent, everyones like wow this is over. TO DA MOON.
Price drops another 5%. Everyone panics, shits their pants, it's the final capitulation, it's over. Oh noes.
Price stabilizes, rises a couple percent, everyones like wow this is over. TO DA MOON.
but the price is still dropping overall.
That is essentially the exact definition of a shakeout. Price falls, small recovery, price falls more, rinse and repeat until the whale thinks he has made all the weak hands sell their coins off. Then places massive buy orders to make the cheap buys and lets the market build the price up again.
So far nothing points to someone doing this to buy back lower.
If hints were left, the shakeout wouldn't be as effective. These are educated people with lots of money....
Months and months of crazy dumps, with a chance of completely destroying the market, just to buy back some cheap coins? Nah, i don't believe it.
I'd say this is someone with way too many coins getting out or someone with way too many coins trying to destroy the market.