It's so weird that it actually takes a dropping price to motivate some people to sell. That is the EXACT opposite of what one is supposed to do. Perhaps occasionally somewhere down the road it may look smart to have sold when the price was dropping, but it is a terrible habit. The other bad habit is to hold on when people offer insanely high prices--but that one is much more difficult to master.
Very interesting insight.
You are correct in that there is some strange trading in altcoin markets.
many patterns to watch, Pump & Dump, Whale, Dump then Whale, etc. I think there are a few articles on the patterns.