Crypto Anomaly : Bittrex Dumped Thier Altcoins | This Caused Massive Crash In The Market ?!

I was watching this Video by suppoman who is well in the in crypto world, he was talking about why the altcoins were dumped.

Now according to thecryptosyndicate they have found anomalies on Bittrex.

As you may know that all the altcoins that were listed on Bittrex were all dumped at the same time from 12:00 to 09:00 Hours UTC -4 on 8th Oct.

Here is a chart provided by thecryptosyndicate, and if you look at the chart you will notice that they follow the same pattern.

To this thecryptosyndicate added

Our speculation is that an entity leveraging Bittrex made a monumental mistake. Comparative analysis, completed by Syndicate.Enrique, Syndicate.Duy and Syndicate Evan, shows that only an entity/group with a massive (nearly complete) diversification of alt-coins would have been able to create a uniform sell-off, within the exchange, in the same time frame, for the same percentages.

and also they added a screenshot of Bittrex's statement on the procedure of their fees

During the video suppoman was also going through this reddit post by the reddit user CryptopherWalken who stated in his post that

Whenever fees are assessed from Bittrex, they aren’t transferred away from Bittrex, and are more than likely not swapped to different coins (BTC or other) unilaterally when the fees are acquired. At some point, Bittrex needs to be convert these fees into BTC – should they be motivated to stack their BTC bags. Considering this, it’s probable – though still speculative – this crash was an attempt to automate offsetting their load. The result, Bittrex dumped their bags too quickly, all at the same time.

Argument: People are moving alts to BTC This is also false. Though it is true, it didn’t happen at the scale that matches with the volumes moved from alts to BTC across any other exchange. This wasn’t a market-wide movement like we saw with BIP91 activity between June and July.

Argument: It’s just whales If it were just whales, you wouldn’t have seen this level of diversification and havoc in every page of Bittrex. This pattern is everywhere, from page 1, through page 7. This pattern doesn’t show up on any other exchange in this fashion. Whales don’t buy LGD, come on… Again – we are not journalists, we are analysts. We are open to discussion or other raised insights in any of our Social platforms (Facebook or Slack).

Suppoman also mentioned about this video, in this video the guy mentioned about the worlds biggest exchange by korea that is Upbit and that Bittrex has a tie up with them. Now according to him Bittrex had made a deal of giving this exchange 10-15% of the total altcoins. And Bittrex on the other hand took all the volume at a huge scale and at the same time that caused a massive dump.

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