Was also expecting to see low $17K prices if $18K was broken as well, but seems price might bounce around in an indecisive way for a little while. I think you're right that no-ones really "dumping" BTC at the moment. I don't see people selling BTC for fiat, as price is still trading sideways, instead they are diversifying into alts by the looks of it.
The charts suggest it's not the worst idea either, if you're into trading shitcoins that is.
The charts suggest it's not the worst idea either, if you're into trading shitcoins that is.
Yeah, it really reminds me of 2017, when it wasn't so much that people were liquidating Bitcoin, but trading it on altpairs (especially Ethereum hence Flippening wildfire talk)... which is the indirect way of selling Bitcoin, leading to that alt-era nonsense etc etc.
I actually don't know any trader who only trades BTC/USD except on this forum. Everyone else seems to insist there is a good time to go into alts to "diversify" even though Bitcoin to me is the diversification;)
Rallies like now do make me feel slight regret I don't have more positions in not-BTC. But $100k BTC will salve my hurt.