So half of January has passed and we have witness the "crash", an coordinated effort to bring bitcoin prices down before the first CBOE future closed on 17 Jan.
Going according to plan as the article previously published by Cointelegraph.
https://cointelegraph.com/news/cme-bitcoin-futures-launch-possible-economic-outcomes
Short theory
It is well known that a minority of Bitcoin holders--the whales-- hold a majority of the Bitcoin in circulation. It is rumored that roughly 1,000 people own 40 percent of all the Bitcoin. It is possible that the whales took a short position in their contracts, meaning they believe the price of the Bitcoin futures contract will be below the contracts purchase price at the date of expiration.
Because a whale might have unfathomable amounts of money and the belief that their contract will expire at a value less than the price they purchased the contract for, it would not be surprising if the whales pumped up Bitcoin price in the days leading up to the contract expiration date by buying more Bitcoin, and then sell off a large chunk of it on an exchange at the inflated price - hours before their contract expires.
Now, there's still another bitcoin future expiring soon. CME bitcoin futures (26th Jan). I think it might not be impossible the we will see a short few days pump before the whale starts to dump again 24-72hrs before the next contract expire.
Example explaination: https://www.ethnews.com/market-manipulation-101-bitcoin-futures
We should be experiencing a few days recovery again before the "correction" continues
Be careful trading till CME bitcoin futures closes, the storm is not over yet.