hedge funds with leveraged positions from the mid 20k range? Speculators who think we'll have a serious market crash soon and are taking profit from, again, much lower levels, and planning to reposition lower. People who are getting margin called on other positions that need liquidity to make their calls.

OG bitcoiners who want to buy a mansion or yacht, or who just want to bring good things into the lives of the people they love?

So many people who could be selling now.

I know it seems crazy to you, but you're not rich.

The employment market is softer, some people have to.