6. The top Bitcoin elite owners (all the way back in 2009/2010) that constitutes the most concentrated top Bitcoin holdings, start selling/cashing out to the ultimate bag holders that are late into the game.

... new research from blockchain analytics firm Chainalysis suggests that it was long-term investors, hands calloused from years of hodling though they may have been, who triggered the decline and then continued to sell into the dip — to the tune of $30 billion worth of bitcoin between Dec. 2017 and April 2018.