Most of new people that came in june, came in crypto through eth. What happens when eth tanks? ( which happens every month or so) All the noobs panic and jump ship. The bigger crypto gets, the bigger these kind of swings get. I have 0 worries though, that come wednesday everything normalized again. Maybe even sooner.
Greets Hank
I totally agree with you. There are tons of new guys who joined to crypto world to just mining while they don't know anything about mining. most of them just mine and sell. at the same time so many new investor. Since they don't know how much volatility coin world, they panic easily and sell.