There is some artificial inflation of the BTC price. Pure air. When this happens is easy for the price to come down, because it doesn't have any support whatsoever.
I'm not an expert trader, but I'm curious as to why you think it's artificial? If you classify it that way, then the whole price thing on Bitcoin now is artificial and would bound to be negative?
Whales & good traders will continue to take advantage of FOMO so they can accumulate more.
Isn't that FOMO would lead to a higher price? It depends on the situation, I guess. When people are scared that Bitcoin will burst, they sell. When they are hopeful, they buy.
After this dip, it looks like we are going to be saying bye bye to 8k for ever.
Stop this non-sense without any facts to show. I do hope that the price of Bitcoin increases continuously, but that's not the reality we are in.
For those who are interested in the topic he just posted, he mentioned on the linked thread that his evidence could be the stock to flow ratio. Which is increasing. I did a simple Google search and found an interesting site. Check the link here:
https://digitalik.net/btc/