Just a lot of sellers selling at low levels, enough to satiate the demand that wants BTC at these prices. Supply and demand are curves of both a quantity and a price. The quantity is not the only thing here, and the demand is not the only thing either.
Discussion
Ok, but the graph seems to suggest demand is increasing. Why are people deciding to sell now to meet that demand at a lower price?
Not sure. My best guess is they are stupid. Demand isn't enough to surpass all of the stupid sellers yet for reasons that we just don't know. I would note that most normies still are not getting into bitcoin. It's very much early adoption still.
True. I am happy that the price is still on sale. I'm just confused by it.