There has been a lot of selling pressure lately in the crypto market. It could no longer digest the $25K BTC and had to spit it out... As usual, when such movements occur there are a lot of liquidations across the board. Plebs wanna make quick money with leverage trading... Plebs losing money to market makers by doing that. Rinse and repeat.
Leverage trading to me is worse than playing at a casino. In a casino you still have a chance at "being lucky" but when betting against the exchanges and their algorithms, you're doomed to fail...
Every time there's a spot seller for Bitcoin there has to be a buyer too, otherwise, the order wouldn't get filled and the price would not fluctuate. The question we should ask ourselves right now is: who is buying all the Bitcoin that is being sold right now?
There has to be a buyer, right?!
Well, some of such individuals that are accumulating Bitcoin right now are definitely hardcore believers of the tech... Folks that buy no matter the price and plan on never selling. These are the true HODLers who don't fall for the FUD and FOMO cycles, where the masses always fail on winning.
We have such HODLers on Hive as well. If I remember correctly, 
Not all base their crypto experience/investing on Eddie's principles and thus some are probably still buying and continuing to hold their coins on the exchange. These are the individuals that "trade the waves". Moonshots are not straight shots, the same as "burning in the bear market's hell" is not a one-time fall...
The ones that understood the cyclicity of the crypto market know for sure that the bear market is over and thus they're accumulating on every dip. They do not necessarily take that BTC out of exchange unfortunately. They're more after making money with crypto rather than giving a damn about the tech behind it and cold storage.
The last but not least category of buyers that I want to mention in this post is the "FUD creators". The large whales who push the market up and down. These guys are the ones pointing at a potential doom and scaring the shit out of the plebs through all sorts of created news and events while they themselves accumulate during such bloodbaths. This happens in every market.
These are also the ones trashing BTC near the bottom so they can buy as cheaply as possible and praising it near the top so they can unload their bags to FOMOed plebs. So here you have the category of buyers that I see right now loading up on BTC. The masses are still sleeping on it and waiting for the bear market to continue.
But...
The bear market is over. It's been over for a couple of months already. The bull market is in its young stages, though, so be patient. You know the saying, the market takes Bitcoin from the impatient and gives it to the patient. It's that simple.
Thanks for your attention,
Adrian