We are still in accumulation phase but this is the idea for people who hold BTC longer term. Majority of activity and interest especially during the peaks or the runup to higher prices contains speculative buyers, so they dont like this current weak action.
Even the short term hodlers can also make use of this chance to accumulate their portfolio, because the price of BTC has dumped for short term and long term hodlers to buy because the bear season is still on ground for people to continue hodling or continue buying from the market to hodl.
I believe people will use this last chance to buy plenty BTC, because people have saved money for it, and they will begin to release the money to buy BTC and hodl to fulfill the purpose of their hodling.
We will naturally go down at times including now is possible imo and its not a big deal except being a better buy. Hard to put that thinking into peoples mindsets though
I know it will going to dump more in the future, but now that it has dumped to $65k, I guess is another opportunity for people to use to buy and hodl to continue the journey until the new ATH pump up before they can sell to celebrate like the way they celebrated early this year.