For example I would love to buy more BTC right now at what I consider bargain prices, but I can't afford it. I wonder how many people are in a similar situation. I would imagine there would be some whales looking to get in cheap, but with the macroeconomic picture deteriorating by the day, they may have bigger concerns than our little experimental currency.

I think that many of the long term HODLers never expected it to get this low, have already invested as much as they are able at this point in time, and simply don't have the discretionary funds at the moment to provide strong buying support. Even the Tim Drapers of the world are quite possibly tapped out for now.