Who’s selling at bottom ?
Or at -38% ?
2-3 year hodlers are more or less officially responsible by looks of blockchain data at least, so the $3-14K buyers more specifically.
Anything from here to lower is considered very very weird to say the least
Unless you rigidly trade time and not price, then this is your moment to sell (a month early imo), and regardless of the drop I guess. Otherwise, probably others intentionally selling at a loss in order to reduce taxes, before buying back 1 week later, prior to January changes. It's weird I agree, but otherwise expected there will always be some taking (very late) profits, while other weak-hands are being flushed out.
At least the 6-12 month crowd *might* of finally stopped dumping, as short-term hodlers (<6 months) continue to accumulate unabated.
Ironically
on-chain data looks 10x better than it did during the $40K dip, or the crash to $30K even. Probably a coincidence though