Whales are buying everything thrown at them but there's no point paying more than necessary if CSW, Ver, and Jihan are going to sell for cheaper. Nobody else is really selling at these prices except maybe day traders.

Miners are going bankrupt left and right, they aren't going to flush 4 years worth of BTC profits down the drain now to save their businesses.

The weak hands sold a long time ago and hodlers don't give a fuck.

Once the egomaniacs run out of ammo the price will steadily rise each day. Who knows how much ammo they have though or how much damage they are willing to do to crypto to satisfy their egos.