people are buying constantly, but sometimes there's too many people selling and the price drops, right?
the influx of people who don't know what they're investing in caused fomo in the start of the year, and panic selling when price dropped.
then they'll come back to buy once it goes up again.
it's the natural cycle, people who don't care and just buys when the media tells you to, that's when it's actually time to sell..