Didn't the bears go extinct in the Bitcoin universe? 2017 hasn't been a happy hunting ground for bears. At each record breaking price, certain bears would have gone bankrupt by being on the wrong end of the trade. Now, you would have hardly any left. And even those would expect the price to decrease by only a few thousand dollars.
If there's a price fall of a few per cent we immediately get nobody accounts filling the front page. They're out there. They're just waiting.
It's going to fascinating to see how bear psychology works this time. In 2014 you really could have convinced some people that Bitcoin was going to die.
These days a fall could be proper ugly, but it's ever so slightly hard to ignore the activity exploding around it. I'm sure they'll give it a try anyway.
Note - this apples to nutter bears, not proper ones.