One has to wonder if the strength of the downward move has been exacerbated by the fact that BTC can now be shorted on the CME which of course is the bankers favourite playground. JP Morgan etc will certainly wish to destroy Bitcoin utterly and with their massive financial footprint it is not difficult for them to place large shorts on CME then sell heavily (they will have gradually been accumulating) their holdings on the exchanges to manipulate the price wherupon their short position pays large dividends.