It came out late yesterday that a few large funds took positions off the table due to the uncertainty surrounding the BCH fork today. That likely sparked much of the selling.
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It came out late yesterday that a few large funds took positions off the table due to the uncertainty surrounding the BCH fork today. That likely sparked much of the selling.
Yeah, I was thinking about that...but I keep thinking about times in the past where they claimed it was such and such, then later it turned out that it was something else. All sorts of things influence the price...but usually it's large players making moves for their own reasons...which can totally be the reasons people are guessing about...but they're just guesses.
Yep. Whales move markets, everyone else just reacts to what they do.