There will be many investors who join the crypto currency if the positive issue regarding bitcoin and blockchain technology is growing. News like Japan plans to pay employee salaries with bitcoin is one of the positive issues that I believe will have an influence on the increase in bitcoin prices.
The truth is that throughout last year, most people that joined crypto did so not because they understand what the future of this market holds, but because they want to get rich overnight and that fueled some seriously huge FOMO into the market and therefore is what is affecting the market presently.
You still get to see people at this stage, asking if they should be selling out of panic that the market could go lower, and I am pretty sure, there would be some who would just even panic sell without asking which all accounts to what is going on. There is no serious demand in terms of usage, and people are just getting greedy.