Of course there are two angles to Wind_FURY's above questions. First is why are people selling below $60k?
i think this is just a sub probably those trapped in the FUD along the way but's still hard to determine what's happening below the $60k (in my view)...
I never claim to know, either, yet intuitively there always seems to be a motive from the bears to try to push the BTC price as low as they can and to keep it as low as they can for as long as they can, yet there are various times when they are not able to achieve their objectives, and the BTC price goes up and gets out of hand to such an extent that it has to get to some kind of a pausing place in order that the bears can resume their mission of pushing the BTC price down... Kind of a simplistic explanation, and surely we have forces on both sides... and some might refer to BTC price dynamics as a sign of a kind of underlying war or a battle.. and yeah, there is likely some truth to that, including that those of us who have been accumulating BTC or continue to hold and/or accumulate BTC are the beneficiaries of a wealth transfer battle that no coiners likely would prefer not to happen.. so there are likely some forces within the representation of no coiners who would rather get your coins rather than you benefiting from the ongoing wealth transfer that is happening from the no coiners to the coiners.
Well some motive I see from those bears who spread fud about the market is either they have bad agenda towards bitcoin since they want to promote something like their shitcoins created and we know this attack exist especially when there's a dump happening since those people use this scenario just to scare people and insert their motive to make it looks like their coin is more better than bitcoin.
Other scenario is also there are people install fear to the minds of no coiner since they want to create massive sell offs since this will benefit them to the extent that once the market dump more they could buy more cheaper bitcoins and with that they can earn lots of money when bitcoin price recovers.
So I'm really looking forward that when situations like market dumping is happening lots of people would able to see that there's nothing to fear in this situation and people will look at it as opportunity. The also they could able to ignore anything negative they could read anywhere then focus to build wealth on bitcoin by accumulating more. Although we assume about the those things what really caught up my interest is to read the different sentiments of people when there's a bearish situation occur.