Don't you feel like once the bitcoin price goes up, the main holders will be the banks and large financial institutions?
It is very likely that it is through banks, investment funds and other whales that the price is now falling so that they can buy coins at low prices. The problem is that nobody known what "low price" is ...
It is good, that now Bitcoin is more popular, so comes more whales. This will probably mean that the next bubble will be much larger than the previous one.
I concur that NOBODY knows the floor, maybe $1400, maybe $400, maybe lower, ... we just don't know
But one thing I do KNOW, is WHO IN THE HELL is going to BUY BTC in the future to replace the $600 BILLION USD that was lost in the past year? WHO?
The losses are even in yet, the lawsuit are just beginning, this thing hasn't even begun to settle.