A lot of people that missed the pump are waiting on the sides for the retrace to get in - but I don't think the retrace will be as big as most people expect.
Ok, so a correction is coming but a shitton of people are FOMOing to get in. There's a huge buy wall at 5.7k and another even bigger wall at 4.8k. These people will want to buy at some point or another.
Now matter how big the dump is going to be - my opinion is that it will be re-bought within hours or days.
The people that waited at 4k will gladly buy at 6k if they get the chance.
Second reason is that I think whales want to paint a really bullish picture. They want to convince new people to enter the market. Why would they dump now and get a 2x roi when they can get a 20x.
The market is still really small, lots of people have heard of crypto and are definitely interested in the get-rich-quick dream.
They want people to feel like this 'thing' will only go higher and higher.
Of course I might be wrong and we'll dump to 1k, so don't take my word for it because I'm just as a bad analyst as most people in the scene.