What is going on right now (explained)
The big boys at wall street just got in. They're shorting the market right now, don't fall for it. Interesting this dip is after the futures/ CME came huh? Yeah they're shaking out the weak hands to buy coins cheap because they know blockchain technology works and they're investing in the face of it, aka Bitcoin.
Here's what's happening:
Big accounts (with millions worth of BTC) are selling off their coins rapidly, dropping the price of the coin, once they have sold off their millions worth of BTC they use that money (which is now less than their initial account balance) to buy more coins than they previously started with, now they can get more BTC then they started off with since they're buying at a discount. When they buy all these coins at a discount the price starts increasing back slowly, which also increases their portfolio.
Don't fall for it, hold your coins.
-SM