Bitcoin being shorted?
Since it is possible to profit from Bitcoin falling in price as well as rising, it is very possible that many big investors are making big money as the prices crash. For people who are long Bitcoin this may be an opportunity to buy. $5000 in my opinion is a Bitcoin which is over sold and thus under valued.
The good news is this current shakeout will scare away short term speculators who margin trade. On the other hand those short term speculators are probably the same sort of people who pushed the Bitcoin price into a $20,000 bubble. I said it was a bubble when it happened, and I predicted the floor this time to be around $6000.
Of course nothing I say is investment advice. My predictions may be wrong. Do what you think is best with your money. Currently Bitcoin is priced at $6,879. In my opinion we are now at the floor range which I predict based on analysis of long term charts to be no less than $6000. If Bitcoin does go lower, then in my opinion it's probably being shorted and will not be able to stay that low for very long.