Something else to keep in mind, it’s closing in on the end of the year and I feel that there’s a strong corrolation between cryptoasset pricing and seasonality. While there are a few people out there making a living in the cryptoasset space, it is my hypothesis that for the most part, investors are “hobbyists”. When money is needed for holidays (trips, gifts, etc.), their cryptoassets are probably the first to be liquidated.
It’s impossible to definitely separate out the effects of investor sentiments from the impact of seasonality, but we’ve not seen an influx of “anti-NSR” weighted topics or comments lately. I personally feel that a lot of the block selling has been due to investors having to meet other obligations or portfolio mix adjustments, rather than a change in heart about whether NSR is a worthwhile investment.