As per CryptoWhale:
https://twitter.com/CryptoWhale/status/1327049480483508225Really ironic and comedy to most, but this is the reality. At $3800, people are still not buying and looking for more dip, and majority are shouting that it is the end of bitcoin.
Fast track to November, the opportunity to scoop cheap bitcoin is no longer present, and yet everyone wanted to join the bandwagon and extremely bullish to even predict a six digits as the next all time high.
"Buy Low, Sell High" It's kind of like a financial market law.
But the psychological fear that is instilled in people works in exactly the opposite way - when the price falls, people panic and want to escape this fear, so they sell. When they have sold all their coins, they no longer feel threatened because they have nothing more to lose.
Unfortunately, most of society is taught to think this way from an early age.