Yeah, that's true. They're making people panic whenever dormant accounts have moved tens of bitcoins to another wallet which is likely an exchange's address. What we can hope for is that no one who's holding a lot of it is going to dump it in the same time because they can't do it. Or if they can do, that will be a huge market move for sure.
-snip-
Maybe only a few, but for people who have held back for a long time,
sales will happen if they have gotten a suitable price according to the target.
Like a large institution or company strategy that sells its Bitcoin for some profit,
it already affects the market price and makes more people or retail traders panic.
So we as retail traders must be ready for the decline that will occur and make sure we have spare money for buybacks again.
Don't just sit back and watch when a big discount is happening.