Hey Vynl, to explain why, I think a majority of big players knew that Bitcoin was coming down, when it broke support, a crazy amount of traders (including me) sold EVERY COIN in their wallet to collect what was left.
You could call that Fear but I call it being greedy! We now have a chance to almost DOUBLE our BTC value If this correction ends in 9-8ks.
I firmly believe this is what the mega Bitcoin whales are doing at the moment, causing fear while staying greedy.

Just my opinion of course~