One of the big issues with the latest price drop actually appears to be due to Bitmex. There was an attack that was driving prices lower. Apparently that attackers had infiltrated months prior but waited until the right moment to launch their attack. Some industry experts were saying that had Bitmex not shut down when they did, prices may have dropped all the way down to zero... I'm not sure about that but it the liquidations were certainly driving prices lower than they "should" have ever gone. Take it as a gift and act accordingly is my opinion, though not financial advice.
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