One of the big public preconditions was just a new FUD on the topic of unlocking the funds of the affected Mt. Gox victims
For those who are hearing for the first time - between 650,000 and 850,000 #BTC were stolen from users of this platform in 2014. In the afternoon another news about the progress of the case was released, but a couple hours later it was announced that the compensation will be calculated at the old Bitcoin rate.
➡️Two conclusions can be drawn from this situation:
1. MarketMaker can use any news background to manipulate the price. It is important to be able to read his traces on the chart and not follow the crowd
2. Whales are set to continue growth - this manipulation was liquidated longs for 320m$, while the fall was not so strong. Everything indicates the payoff from the side of influential investors
I think it is right to deal with this situation in more detail tomorrow, when the market will come to normal and the consequences of this spill will be clear....