I thought this might stir up some interest and could explain the sudden BTC dump on April 11th.
A couple of YT channels have hypothesized that the Julian Assange team knew his capture was imminent from the Ecuadorian embassy and they did a quick pump and dump (with leverage) on Bitfinex to get a quick $2 million to pay for lawyer fees. That sounds incredible so you need to check out the videos and see what you think for yourself. I only mention it here because if the videos are correct, then the recent sell off could be temporary.
Mr Kristof:BREAKING: BITCOIN DIP CAUSED BY WIKILEAKS DUMPING BITCOIN! Julian Assange had A LOT OF BITCOIN! youtube.com/watch?v=7MnCVTacj2Y
That Martini Guy: BREAKING: BITCOIN DIP CAUSED BY WIKILEAKS DUMPING BITCOIN! EXPOSING JULIAN ASSANGE BITCOIN WALLETS! youtube.com/watch?v=Ot3Wp3fAJbk
Nope. Not fundamental. Bearish divergences on 1H, 4H predicting a drop for days. The alts were dead for days. The only thing propping up BTC was alt trades closing back to BTC. It'll bounce to 5300 probably before going back to test for 4000 for support. Then we'll see what becomes of it.