Other than the mentally ill, who the fuck is selling right now?

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Public miners sell a lot

They have fiat obligations

those that mined at .10 price.

People ideologically opposed to fiat still need to buy groceries. I'm sure the companies who sell gift cards for sats need to sell the sats for fiat to buy gift cards.

That doesn't make any sense.. Why aren't they net savers? People bought bitcoin to buy gift cards.

Only thing I can think of are miners and whales on retirement.

Fractional reserve banking is theft.

The shitcoin scammers that hold bitcoin

There’s just more mentally ill than you previously assumed