1) a lot of market participants are bearish simple because they are holding 1000% or more profits. so any bad news is a good reason to grab profits. ( this profit taking period feels like its almost over... )
One cannot claim a profit until the bitcoins have been exchanged for old money, merchandise, or services.
Those who profited 1000% are those who bought at 100 USD and sold at 1000 USD. Obviously they do not have the bitcoins any more and cannot "grab profits" again.
Those who have bought at 100 USD and not sold yet may want to cash out with profit at any time, most likely when they suspect that the price will not rise fast enough in the future.
Those who have bought at 1000 USD will only be able to make a profit if the price rises again above that level. They may despair and sell at a loss.
you can help simple by USING bitcoin and not dollars
That is the same as saying "sell your bitcoins". Good for hoarders, bad for the price...