maybe big investors are holding their money for now to decide the next move, some of them might consider crypto like bitcoin as a new big form of investment
if the price start to climb fast you know that this is the reason
They will all chase the dollar moving higher while all the private assets are dumping, so they will short them. You forget that people can make money shorting as well as long.
Armstrong predicted this for October 2015, since decades ago.
who is armstrong? i know that you can short while the price go up, to take advantage of small swing that may occur while we climb, but if the pump is strong enough and rise fast, it is better to hold an dsell at a certain target then risking to lose money via shorting
i prefer to short in a down trend