More people are selling than buying.

more sellers than buyers 🤔

Because you didn’t orange-pill all your family and friends.

More sellers than buyers is always the right answer. That said, more likely the sort of answer you're looking for is, Japanese bond crisis is a major drag on global liquidity. When bitcoin is down concurrently with stocks and a broad section of bond prices, you can usually blame the impact of global liquidity. That is to say, disinflationary events.

Enjoy the sale and stack harder :-).