You get one thing wrong. « Their loss » is not different from « their profit » it’s all virtual until it’s sold.

Welcome back to 85K area
I might be wrong ... but I am expecting this move and the reason behind is ... 99% people have bought alts in fomo .. didn't sell in pump and now they are in loss..
Mean their profit was just numbers and now their loss is real .. Now if market goes up it will have to give profit to spot traders but why should it give??
Now I am expecting some strong shakes where new traders will book loss and market will pump hard..
only holders will survive but i am sure they have to wait for it.