I suppose they did this because of the 30 + year bull run in the bond market. (investorjunkie.com)
A close below this support zone, could see the price fall back below $ 400, where the price was trading prior to the end of year bull run. (fxstreet.com)
Unlike the stock market, which is seeing its eight - year bull run thanks, in part, to institutional investors, crypto - markets are dominated by individual investors. (links2exchange.net)