Analyst: BTC's Early-Morning Plunge Likely a Selling Cascade Triggered by Concentrated Sells Amid Thin Weekend Liquidity

November 15: Commenting on BTC's early-morning plunge, analyst Phyrex noted that recent BTC inflows to exchanges show no anomaly and net flows have not built up significantly. The drop looks more like a cascade triggered by concentrated selling amid poor weekend liquidity than large-scale, organized dumping or distribution by long-term/early investors.