I've been asking myself that same question: Where is the volume?
Looking at the 1h candles.
Before Dec. 22 we were having big spikes and from there volume stayed on the bottom until Feb. 02 when we hit 7,5k.
Who were the players during the up and downs betwen Dec 22 and Feb 02.
Who are the players that entered Feb 02 causing that big spike in volume?
Why did volume die after Feb 2?
It's clear to me that there's a force acumulating bitcoin on 7,5k and possibly at 5,7k, but who is the force holding it from going up again.
In my newbie interpretation someone big is placing huge sell walls to scare people into selling and the .618 fibonnacci seems to be our major support. We may see 6k if people keep on being scared, I don't know.