This is not the primary reason for the sell down today. Segwit will occur.

The overall market cap had decreased by 20 Billion the last few days all the way down to 74 Billion at on point when ETH was $185. Within a few seconds it went to 77 Billion with an influx of 3 billion under 1 minute.

Then when BTC went down to $2250 the market cap was 77 Billion. Then within seconds over 80 Billion with another influx of over 3 Billion.

Who has 20 Billion to put in and take out of cryptocurrency? Wallstreet and Hedgefunds.

Who can make coordinated buy orders under a minute globally across all major exchanges in the billions? Wallstreet and Hedgefunds.

They are not going to buy at market price when they allocate major positions. They are going to do what they do in the stockmarket and find or create great entry points.

Coordinated collusion/selldowns to manipulate the market to get at a better price for core entry positions.

Goldman Sachs even predicted this in an article last week. Probably because they are in on it.

This is the beginning of the huge daily selloffs leading up to August 1st.

Nobody should be selling now.

Everyone should be buying at the daily BTC lows.

Not panic selling either on the high upside Alt's.

If you have an ETH heavy portfolio you may want to consider allocating half in USDT to hedge and buy at the extreme ETH lows.

I would expect this to occur daily during week days leading up to August 1st.

It is the selloff before the surge when big money gets all in before August 1st.

BTC will be over 3K by the end off August and 5K by yearend.

ETH will recover in time and probably around $500 by yearend.

Dash and LTC are safer investments for time being.

Don't be the person that panic sells and misses the next big wave.

Hold steady for the next 30 days buy low on the Alt's you like when they are double digit in the red and keep buying.

They will all rise as BTC and ETH rise again.