I think Goat called it when he observed that the bull run isn't over, it is just being throttled by fiat constraints.
So lots of people are waiting on bank transfers which is creating a huge influx of money?
I think this is an oversimplified view of things. More money is coming in, but people are also getting nervous and jumping ship the longer this thing takes to get moving again.
Furthermore, a lot of people who sent their money in to exchanges may change their mind now that the rally is over and things are slipping.
I'd be pleased to see another move upward but I have no expectation of that.
Agreed, it's not this simple. Of course the bubble didn't run out due to lack of fiat! People need to have logical consistency. During the rise everyone was proclaiming "We can't crash, there are too many exchanges, they can't all fail!". Now the same group of people are shouting "All the exchanges are out of fiat!". It doesn't make any sense.
Look at China: Fiat to the exchanges in under 5 minutes, but buying is subdued. The crash isn't because of "lack of fiat", it's because "areyoumotherfuckinginsaneitjustrose1700%"!
Boring period incoming. Thank Bitcoin -- chance to focus on your family over Christmas instead of checking the price every 20 seconds.