YTD 35mn of BTC have been exchanged according to coinmarketcap.com

Coins available for trading (circulating supply - lost coins/long term hodl) is maximum only 1/3 of what has been exchanged YTD

If you take into account that you have a large community of hodlers, the actual coins available is much smaller.

That means the theory of weak hands is only a marginal factor of the down trend

It is mainly wash trading where the same coins are being sold and bought by the same actors. Question is who ? And how long is this sustainable ?

When you do this you it starts with people scared and you can buy BTC for cheaper from them, then you have to fight against fresh fiat taking your bitcoins.

The average daily number of BTC traded is about 1mn that means that with a 6bn of fresh fiat there would be a strong rebound.

We had 300 mn people interested in crypto checking prices on coinmarketcap.com, if they buy to hodl each only 20$ that would bring the 6bn needed to dry the 1bn coins daily washed.

I don't know how low it can go, depends on how long large actors can wash their BTC, but for sure the rebound will be massive when this ends.

Some people are acting to crash BTC, only sure thing is that BTC is the center and entry point of the crypto market, and that when it rebounds gains will be huge and millions are watching for this. Just saying. Timing is key. Don't be too greedy.