@kenhudoy i think the current market volatility is a sign of this new species of finacial instrument and due to a distribution of hands not seen before. I do believe that there are some large institutional players trying to play thearket and test it for robustness, and at the same time we have a lot of people like us who are trying to participate in the liberation of money.
those are two major groups. Of course there are countless like and unique groups of people with different motives at play. There are many people who dont care how they make money, dont care how blockchain helps the world, and are just in crypto markets to make money, so that being said, the volatility i think is a matter of overinflated sentiment caused by some large volume trades early on. im not by my desktop now but if you look at any coin which participated in the BTC run up to 20k and use the Visible Range indicator, you can see the majority of volume is below 10k. the rest was just the market getting ahead of itself, hence correcting itself.
Now, there are all the people who got shit on at the top who are invested in the market coming back... sorry for the length. ill try to get a chart up here later
And the further you look back, of course since it is volume in the image, you can see the run-up's volume doesnt compare to the cumulative. It's a matter of saying how much cumulative data back is relevant.
Here's the 1 year view: