I took a look at the 10% depth of the spot order book for #BTC and found something interesting: apart from 74,000 with large buy orders propping it up, there haven't been any significant buy orders after the price was pushed up; all the peaks are filled with sell orders.

This leads to two conclusions:

The main players believe the market will not perform well in the future, so they sell when the price rises;

It’s still not time to bottom out.