Coindesk: “More than 400,000 BTC were purchased in the price range of 60,000–70,000 USD during Bitcoin's recent correction”
…
These two headlines are essentially talking about the same story, only differing in how they lead the viewer's emotions. When someone sells Bitcoin, there is certainly someone else buying it. If there are no buyers, the price will continue to drop until that amount of BTC finds a buyer.
If the price goes up, it means there are more buyers. If the price goes down, it means at that moment there are more sellers. This does not reflect long-term trends, but only reflects supply and demand at that moment. It's just that simple.
The most important thing to understand is: who is buying and who is selling. The story behind those cash flows is much more valuable than the sensational headlines.
