The crypto market is constantly falling and causing investors to lose patience and decide to sell their bitcoins and this is a good time for whales to buy and manipulate the market. With investors believing in the longevity of bitcoin, they decided to grow and wait for the market to rise and sell, which gave them a huge profit
yes the crypto now is rreally in not a good condition. Some investors quit/give up on hodl approach, so as a result the bitcoin is not in demand but a lot of supply therefore the price is going down.
But some still believe that the price will rise again so they still hold and wait until the bitcoin back on its pumping rate.