Such a big movement and there are no volumes of large ....What can it say?
There are almost no sellers on the market.It remains to collect the crumbs.
Almost no sellers and volumes? Not sure what you are looking at, but it's probably not the crypto market. There is plenty of both right now.
Those who fomo'ed in last year are likely those who are driving the market down right now, because it's legit panic selling that we are seeing now, and not so much artificial selling pressure. Average joes aren't much on their own, but when they pool their efforts together they'll move every market without any problems.
Probably he is looking at the longer time frame which if you actually compare the weekly volume now to the weekly volume in February 2018 after the first major bounce, then one can pretty much say the volume is incomparable. However, looking at the short time frame, basically it is obvious the volume is there and the sellers are pretty much there as well, which is why the market has been dropping anyway.
At least, literally, any lay man should know that selling spree results to a red market, and buying spree results to an increase in value of the market. Volume is just basically one side to it all, but as long as the price is being driven down; volume no matter how small is always involved, which in this case, it is huge.
