Many popular "analysts" in the crypto space have tried to fight the head wind of trend and at this point, it is absolutely comical. You can't squarely place blame on them for the crash, they along with their followers will inevitably be the collateral damage when this is all over.
We had a drawdown from peak to trough of around 30% across the board yesterday, and this was not out of the normal for crypto. Volatility had been drying up while Open Interest on derivatives exchanges were holding at all time highs.
The analysts were foaming at the opportunity to be vindicated with 100k in December, and PlanB's wildly popular stock to flow model to be proven correct (even though it is and always has been wrong).
The simple thing to remember, is that markets move in such a way that makes the larger amount of people become losers. If everybody is expecting 100k next month, then we're not going there. There can be extended rallies where a greater than half of people are actually right, but not when nearly everybody is right.
Large interests who are largely responsible for being the incremental buyer aren't in the business of just throwing money at market participants. They are in it to win it. That means moving money from retail pockets to their own.
Overall, the picture is simple. Demand is going to outpace supply on a long time frame, and occasionally, we get parabolic moves (both up and down) when these supply/demand discrepancies widen far enough.
