One salient reason why the market is red is as a result of impatient, this is because some bounty hunters are too quick to sale there coin at a very cheap rate due to the fact that they actually didn't buy these coins with their money. Therefore they always sale their coin at whatever demand without necessarily considering the worth of the coin.

Economically speaking, when supply is higher than demand, their will certainly be over circulation of the coin and the market will definitely fall.