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RE: Why Poloniex / Kraken Crashed Yesterday? Coins Crashed at the Same Time!
I've seen that kind of down-cascade several times on normal tradings too. That is the risk of the stoplosses. If big whales want to squeeze them out, they do :(
Seen indeed some manipulations going on, big whales driving prices up and down. But that does not mean exchanges should stop working. When believing in conspiracies, exchanges are working together with the whales; let the exchange crash, and the prices are back to square one, cheap for the whales to buy in again. But that said, I general do not believe in conspiracy theories. But I do know these exchanges are not engineered how they should have been engineered :(