Exactly. But the fact that multiple coins all lost value at around the same time is more than a coincidence. This isn't the work of thousands of small time investors. This is the work of a few big league players.
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Only big league players together are capable of this, of course.
I seem to have found my answer. Not what I expected. https://steemit.com/bitcoin/@skyflowers/0092-coinmarketcap-adjusts-algorithm-without-warning-sends-markets-into-tumble
I wonder if enterprising people like you and me could capitalize on the bigger moves. There must be indicators, like this one. Repeated, like clockwork.