To be honest, I haven't been watching transaction volumes, etc. It is possible the price is being artificially pushed down to fuel a significant buy in phase. I definitely would have bought in @ $5800 if I had liquidity.
The market will obviously tend towards moving down pretty fast than going up fast anyway, and would rather just chill to see how things build up than hopping into it. Accumulation will be easy to detect anyway and most times, it happens when there is a long time of consolidation.