Where the fuck do all these bitcoins come from that are getting dumped? Is the Bitstamp hacker dumping?
Just speculation, but...
At least 3 scammers absconded with funds in the last 2 weeks. Cryptomine.io, cryptodouble, Hashprofit, and on and on.... undoubtedly more than I am following myself.
I imagine they are dumping BTC and grabbing as much fiat as they can get before heading for the hills.
Maybe not the main factor in the price crash right now, but I'm sure it's contributing.