... check out Wyckoff theory and accumulation versus distribution... Will change your ENTIRE view of this and any market.... Its in/has been in accumulation. Institutions want as close to 100% control as possible on any and all cryptos. They are driving the price, like any market. They care not about any announcements. They don't care about SEC regulations. This market is RIPE for manipulation because of the retail traders... no one else. Right now and since the boom in 2017, they have been accumulating in order to have total control over the market. Do you REALLY think that an intire industry that is over 100 years old, who has billions of fiat at their disposal, have mass influence in government is going to let us retail investors control this market? This market is precisely where THEY want it to be..... and thats how you fucking play it... with them.