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The truth is that we won’t really ever know what caused the market to tank.
It’s difficult to analyze the market when whales can sell en-masse for profit and influence skittish newbie investors who are also in it just for the money. There’s no irrefutable way to tell if whales are indeed influencing the market by selling at opportune moments and, what’s more, the market’s generally panicky reactions to any sell orders makes it an easy exploit.
It says something about the immaturity of the market if the Bitcoin Cash crisis alone is responsible for what has happened.
In all likelihood, what is occurring is a result of a long existing illness of the market: irrational participants prone to dramatic outbursts at the first sight of news, good or bad.<<<