What happened? Why the price dropped? Who is selling and why?
Looks like not shorting the bitch ealier was a mistake, shorting usd/btc and btc/xmr when xmr was over 15$ was a good idea. The price often go down when you do not expect it, that's the nature of trading.
I am not impressed by RingCT, increases trabsaction size too much, xmr is not scalable enough and the confirmation time is too long for mass adoption.
BTW: could it be that some people have inside information such as alphabay closing down or ending xmr-support?
You tend to send me very similar PMs here on forum... "It would have been a good idea to long at x" or "It would have been a good idea to short at Y" or "I should have stick to the oridginal plan" etc.
Risto needs to raise 1.8 million euros to pay taxes, perhaps he dumps Moneros to cover the tax liabilities?
Alphabay has very little trading volume on XMR as far as I know so it should not be too big player in Monerosphere.
Also looks like the lending markets have almost out of Moneros (perhaps some of it is due to the withdrawals to the GUI) which might indicate that massive short positions are opened which tend to be bullish (shorters are buyers).
