“After you see this enough times, you just start to wonder what’s really going on here,” Mr. Krug said.'
I'd listen to the folks at Pantera, they are pretty sharp.
Edit: So looks like attempt at humor lacked the /s tag attracting downvotes. So let me clarify, the answer to the above post asking "what will do they next?" If they believe in cryptocurrencies they will buy more if the prices are cheaper.
1) Are scared that tethers can crash the market and want to flush things sooner than later
or
2) It's part of a disinformation strategy to move the market where it's more profitable.
There are very few rules and regulations around cryptocurrency so I'm betting on #2.
3) it's a single individual sharing their opinion
or
4) they believe it will help their overall reuputation after a crash, so customers who bought and got crushed will think "man if only I had listened to them"
or
5) it's someone with a personal grudge against crypto -- they made a private market short with an accepting party
or
6) it's space aliens who know crypto is the secret to super-luminal space travel and they want to sabotage humanity's efforts to reach the stars.
There is very limited evidence to prove that it wasn't space aliens. That's all I'm sayin'.