1. Correction.
As we see on the stock market the prices of the stocks are in a correction phase, just the same as crypto's.
2. Where in the next cycle.
https://i.pinimg.com/originals/e0/0b/48/e00b481338fafd70fff9b3d24a792266.png
3. Manipulation.
There are bigger entities than we know that manipulate the crypto, but does that also mean they manipulate the stocks?
Take these assumption with a grain of salt. My plan is to buy more crypto's while they are on sale because I believe in option 2, and we are ATM at the anger stage. It would take at least a few months to see a bull-run if not years. Good luck with shorting the market my friends.
The graph couldn't be more precise. The demand for Bitcoin is not too high now that more and more investors are losing faith, while the supply just gradually moves up, so I think it's easy to understand why the prices are dropping. We are just waiting for the magic moment or events that triggers the demand and numbers to go up again, but that could be in years, not now.