I can picture all those who held coins from the epic pump of 2013 waiting for ROI. Fingers resting on triggers.
Can you, because I can't? How many of these strange and incredible people who defy normal human psychology do you envisage?
Counting today, 5 of the top 20 days in bitcoin history for BTCUSD price have been the past 5 days. Only 8 days have been higher than current prices. It doesn't seem like there would be a large group of people who bought on those 8 days and decided to wait 3 years to see if bitcoin could recover.
ALSO, wtf @exchange spread?