You're way overanalyzing the bitcoin move.  A market can only pump until a good chunk of it's participants have acquired some type of life changing windfall profits.  I'd say that's already occurred in bitcoin for this wave.  The only way that's not going to be true is if the vast majority of the market is cornered by one or a couple entities, so that could also be sort of true with entities like Bitmain, Pantera Capital, etc.  But even those people are going to want to be diversifying their profits at this juncture the second they see a breakdown.