I feel like those people are probably the buyers that traditionally purchase stocks and bonds, and when they seen Bitcoin taking off this summer, they didn't want to miss out.
Now, since they had so little faith in it aside from a "get rich quick" scheme, they are trying to bail on it. Oh well, their loss is my position addition.
Yes good point. There are more and more of those people who are desperate for returns which can beat inflation - that is becoming harder and harder with traditional investments.