Bakkt literally doesn't have enough volume to make bitcoin go down like this, these guys didn't get 1% of the total volume, how could they potentially be the reason for the bitcoin dropping this quickly, sure they may have that option when they go big enough and be like 5%-10% of all bitcoin volumes one day but if they can't manage to do that or at least can't do it now so it makes no sense that cause would be them.

I would personally put the blame on the manipulators who saw that bitcoin price was prime to go up so they dropped the price a bit, maybe it will go down even more and for couple months bitcoin will be same but eventually after a while they will let the brakes go and we will move up just like 3k to 10k time.

Even the founder of bakkt was worried about what it would do to the market on Monday. So in saying this he was not 100% sure it would be best for bitcoin to even release their product to the public.
https://dailyhodl.com/2019/09/22/bakkt-founder-nervous-about-mondays-launch-says-intense-curiosity-must-turn-into-demand/

news rarely causes anything but it can trigger or intensify market moves that were probably gonna happen anyway. put another way---the market was already looking for a reason to dump.

it happened so abruptly because so many sellers were already waiting in the wings---stops were run, margin calls were executed on high leveraged positions, and panic selling ensued because the market made the first new lows in months.

Bakkt release and the whale who sold his bitcoin and the panic of the people who bought their token when it was like 10k usd , is the reason, and the news that are circulating make it worse
the price will probably go down but not really deep because if it happens I think one of the top 5 coins might take over at the top 1
we might see a down trend for the next few days before it recover
we hope this will not fall to 3000 usd because it will not be good

It was based on your assumption that you really feel people have been waiting. Who are the ones waiting? Is it not us? Most of the people that were waiting were investors who already had their investment and just hoping that the platform would do some hype and increase the investment.

If people were actually waiting for the bakkt platform to release, how come it was only 7 btc that they traded on their first launch, which means the hype in the real world was not as much as the hype was here in the forum and not many forum people have participated in the platform, so who are the people that you were even expecting ought to have bombarded the bakkt platform because for me, I have no need for it and I am sure you really don’t too.

There is now a fake bakkt giveaway making the rounds.
https://bt.irlbtc.com/view/5187901.0
When there is blood in the water it's when the sharks come out wanting to bleed out investors even more.

And to pinpoint Bakkt situation as the main reason of this dump is I think not fair at all.
The current decline of price is the combination of several reasons like the bitcoin auction, the sell out of the large number of bitcoin and others.
Every movement is the combination of different reasons and it is always a part of this market.
Up and down movement is a normal one in crypto.
Like many other have said, we are in the volatile market so we will be in the roller coaster mode for much longer time.

I think that when Bakkt was released, it would tend to be positive, but that was only part of me having an older brother who put a lot of money into Bakkt, but my brother didn't get anything back because of that. Bakkt's future will probably go down if this situation is still negative, and I want Bakkt to encourage more customers by doing so, the future of Bakkt will be more likely to grow.

I haven't seen any pump since the Bakkt was released...instead the market price of every coin started to fall. Bitcoin even fell down to $7k. The price started going up yesterday , so I wouldn't say that the increase has anything to do with Bakkt. All these things are not contributing in any way, the price will only go up when the right time comes, and not because of any of these. Just like it did in April ,the price increased just for no reason and people couldn't guess what caused the price to increase. That's how it is.

That's how it is, things get hyped in the forum and when it comes out, nobody will show interest in it. All these hyped are just for nothing, those who do this hype of a thing are mostly the ones that are doing nothing. They just hype and then stay by the side and watch ,doing nothing. I wasn't even counting on this Bakkt to have any effect in the price of Bitcoin or the crypto market in general. I didn't even know the date it was released because I wasn't interested to know.

By the logic, that whales do what the opposite of public thinks bitcoin will do, we can expect a rise very soon. Right now, everyone thinks that bitcoin is on a bear run and the price keeps going down and down which means eventually it will hit bottom, but reality is we dropped to $8k and stayed there, we are not going any further down as it looks and if people keep thinking that bitcoin will be $3k like last time than whales could allow people to sell and they would buy and buy and buy to have more and more bitcoins and as soon as they feel like the sells are slowing down they will buy more from the order book and increase the price back to $10k very easily.

Right now, there is not a big wall between $8k and $10k, so if whales wanted to get it back up it would be super easy for them.