People aren't buying Bitcoin, at least compared to the amount of people selling. The people who are buying are the deluded fools who think it should be worth more and are buying more bitcoin as sellers leave the market. This is a longer term trend that has been consistent since reaching the insane price of $19,000 last December. Now we're below $7,000 and showing no signs of stopping. That's because new people aren't coming in to prop up the price. The only people buying now are those who already own it and are sitting on losses and buying to lower their cost basis under the delusion that because it reached $19,000 once, it has to again. People keep talking about Bitcoin going to the moon without realizing it already reached the moon and is now on it's way back to Earth.
Informative post you have! Tell me, what are you doing here on this forum? do you want to help your advice, lost souls who made a mistake in their way? Personally, I believe that bitcoin will take its own up, this technology cannot be let go on its own. Bitcoin is spoken about at high levels of the state. The States themselves create their own coins according to the principle of the blockchain. They can't just give up this technology. You have a very skeptical view of the cryptocurrency market.