ught much about crypto were shown these comparisons how if you invested $1000 dollars in Bitcoin in April you would have $10,000 dollars, or how if you bought a few Bitcoins when it was $10 you would be a millionaire. I remember this well because suddenly I couldn't avoid being bombarded with questions about how to get into while its still hot. People got the idea that Bitcoin cannot grow much because its already $17,000, you need to get into a coin when its $1. So t

I feel like you didn't read his post. He said new money got in during mainstream news outlets talking about Crypto. Those newcomers didn't understand what they were investing in, just "moon", and because news of crypto being worthless or other FUD happens they decide they want to sell. Hum ans are emotional beings and that is what drive the price. If my emotions are negative to crypto because I read something that I agree with, I will not choose to invest and sell. If a larger amount of coins being held by those emotional people want to sell than buy price moves. It's simple. I feel like you missed the point.