People new to the Bitcoin market often wonder during bear times, "Who's doing all the fkn selling?!?!?"
The secret: It's literally a small group of colluding whales, that control all the float rn. Most likely exchange whales.
That's it, that's the secret.
And right now, they are determined to push the price sub $30K. Because they believe that price level is a psyche threshold that paper-handed n00bs care about.
It's all about inducing panic.
https://medium.com/@bawdyanarchist/bitcoin-supply-distribution-c513722e62a8Can i tell you this, even at some point the so called whales suffers loss as well, remember it's not a centralized system and we arr not having a single whale, they are there in numbers all over, you can take a deep dive into Tesla recent event of bitcoin sale and see more.