My theory is that a lot of prices in cryptoworld is set more by "vibes" rather that analysis of value and fundamental utility. You often see crypto prices hitt

My theory is that a lot of prices in cryptoworld is set more by "vibes" rather that analysis of value and fundamental utility. You often see crypto prices hitting whole number price floors on the way down. I think it is from traders picking buy order prices by their gut feeling which leads to more whole numbers. BTC fell through a few of these whole number price floors on the way down, this is just the one that finally broke the momentum. If it is going to continue to fall then downward pressure will build up until it overwhelms these buy orders and it will crack down to the next floor. Kind of like the 40k to 30k fall, the 30k to 20k fall or the 20k to 16k fall.