Annual Chinese New year sell off. Chinese Lunar New Year is 16th February and the Chinese visit families and spend cash on gifts and travel and will by tradition be generous so you see the heavy conversion of retail style investments into fiat currency to buy presents and celebrate with family. January is often a quiet month for business in Asia, and this is every year and Asia is where much of the crypto trading volume is. Prices for crypto should be low until the week of 16th Feb and a good time to consider taking advantage of lower prices and the rise in values should happen after mid to late February. :) Hold/ buy
RE: Explaining todays chaos in crypto