In my opinion the crash in price, aside from the uncertainties surrounding the btc1 deployment on 1 August, was caused by the shut down of Alphabay. Alphabay was the most popular online market place on the dark web and was shut down on July 4 . At first people thought it was a haux, however international police action took place in Canada, U.S. and Thailand.
But there are also other factors that are leading towards this btc "crash". World corporations also like to enter in this game, and how can you convince people to sell their btc? By creating world wide panic, when people panic, they sell, but the main question will be, who are they selling their coins to? :)
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Whales decide to fulfill bitcoin orders on exchanges that are low, like say the price is $2500 the whales place a sell order for $2000 dollars and there are buy orders for that price. The volume goes up at that level and the price drops. So in that case it's people who place very low orders I guess
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Interesting info, this pretty much also makes sense.
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