is it all that is going on with regulations?
Big whales just waiting?
People do not believe in crypto anymore?
is it trouble in some countries in ASIA with laws and regulations?
I think too much weak hand in the market, they expecting too much in crypto and they think they will got 2-5x profit just in a few days or weeks and when the market down they seel all theirs coins. This is really bad and they put too much hope in etf. I do believe without etf bitcoin and cryptocurrency will keep developing many big investors will coming from good new compliance exchange like bakkt and bison that will coming this years. We need to stop panic with the market condition, and also this really good time to buy in this dip situation.
I think the weak hands left the market already, they got burned and will not touch crypto very soon again. I see another big problem. A lot of people lost money this year and there is a lot if liquidity gone. Therefore it is really key to get in fresh money. I hope there will be some green light from regulators soon.