[sgbuffett]

Now death cross....selling pressures mount.

Since death cross occured, Bitcoin has fallen sharply.
Like all speculative assets in the past the rise comes from more people recruited into the vehicle once they start leaving the price comes down and they need to pump the news hype to push up prices. But with new speculative vehicles like NFTs, Solana etc. It becomes harder to pump as speculatods have other markets to play and put their bets.

Bitcoin speculators will liquidate and play other markets that are still rising to make quick money. They won't stay in a sinking ship to lose everything.

Selling pressure also comes from those who borrow to play bitcoins and are forced to sell positions as they run out of collateral.