whales can't sell in this low depth .
The low price is a self-enforced factor that brings dumpers .
Every time the price is lower , it'll reach someone's bottom line and cause them to sell . so on so forth . That's how the bear market works .
Those who won't sell at 50% lost will sell at 70% lost ....
It's just like at the rising trend ....people will buy at 10X the original price for no reason at all .
Of course , I'm assuming there are real seller behind the sells .