People were liquidating at the threshold of $10k. But now, it certainly looks like that the demand outstrips supply. 11k as I type this now.
The demand has been far stronger than the supply this entire year. Every dip gets bought up by people who were waiting to enter the market at 5-10% discount rates, which they use to average down their initial buying price. It's insane how far we have come where even the average joes start to get excited about crypto currencies, which is something a few years ago was completely different. YouTube for example has been exploding with insane number of crypto related videos, which is helping big time as well. These people are slowly but surely accumulating Bitcoin, which basically means that we can expect this demand to remain strong for likely a lot more years.