Crypto total market cap has fallen by over $50 billion in less than a week.

As you can see the total market cap of all cryptocurrencies has fallen by $50 billion in less than a week:

Most of that is coming from bitcoin as it accounts for almost half of the total market cap.

It has fallen from $8,400 down to $6,900 in the last week.

It sounds like most of the fall came from large sale orders in the OTC markets. Possibly coming from the over-leveraged whale on OKEx.

Who was forced to unwind a $400 million+ position by the exchange.