We can see when looking at the volume profile that the price is in a bit of no-man's land atm, hence the swift moves through 29.5 down to 28ish and back again.
We can also see that a relatively limited amount of holders are currently in a profit at these levels! Those who bought the lowest low are up less than 30%, so there isn't a plethora of holders exiting to make out with massive profits.
The major volume is in the 24.5-27.5 range, and if those who bought then are legitimately exiting now, after afew months between 31 and 37.5... well I have no explanation for that. It wouldn't be the best trading is all I'll say.
The bid/ask side is being out the wringer today which would indicate our bot overlords are working hard.
We can see when looking at the volume profile that the price is...
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