Bitcoin price is always so strange, two days ago also once close to $390, Paypal a message about Paypal made the price get up to $460, Then slowly decline. This lets the human mind is always anxious ah, buy or sell it ?Next, the price is up is down?No one can give correct answers.
The rally is real on good news, but there are still more miners selling than speculators buying.
A few years ago, mining were spread out over many small fish when people believe in the technology and horde all the coins they mined. This is no longer the case when ASIC came out and cooperation get involved.
In other words the price will keep falling at a faster rate as more and more cooperations get involved