Bitmex and/or exchanges with margin trading are dumping hard to liquidate long margins. Its the real way for them to earn, off liquidated and bankrupted accounts of their users who have been duped by their manipulation games. Or it could be more CME manipulative action to suppress price. These combined with the scam project dumps create these effects.
The next uptrend will come soon and it will be to new highs. Time to Dollar Cost Average with real coins. This is a bargain. Buy in batches on new lows. Don't buy all at one go. If they continue to play this game, you can take advantage by buying in smaller volumes at lower and lower prices. Advisable not to margin trade when the manipulators play their games.