It's all part of the waning of volatility as time goes by. We are getting a good taste of it now. I venture to suggest that after years of becoming hardened to adrenaline pumping in their veins, some older Bitcoiners might almost feel like crying. "Where's the roller coaster?!!" I also think there are big traders who've been around for a long time who will get burned this time. They have millions on the sidelines and stubbornly refuse to put it in now. They will watch the price glide higher like a balloon and their chance to quadruple, triple, double their stash disappear with it. Unless of course they can find another way...
Anyone sitting 'stubbornly' with millions on the sidelines refusing to put it does so, because he knows that Bitcoin doesn't have the market depth for people rolling around millions of investment capital. What do you think would happen to the Winklevoss twins capital if they tried to convert it into USD? Whilst their investment may be 'worth' 10* what the paid in. If they wanted to exit Bitcoin, do you think that they would even be able to claw back their initial investment?
Oh yeah, and "waning of volatility"!? I would certainly love to see some of that!