On December 24th, Jake, head of Wintermute OTC, posted on social media, "Most traders naturally become trend followers, especially those who are solely driven by profit. Currently, BTC, ETH, and SOL are all trading below their respective moving averages, which is enough to make short-term speculators lose interest in them."
Conversely, the same logic applies: once the price reclaims the key moving average, funds will systematically flow back in, and market momentum will recover.
