Are the strong hands holding while the weak ones are selling at a loss? Is this the actual scenario?
It's difficult to determine the true situation because institutional investors who are selling at least 50 BTC and the owner of a Bitcoin wallet that went live after 10 years of holding cannot be classified as weak hands. However, one thing is certain we are in a period of market correction, where a significant price decline always happens in the entire crypto market.
The early adopters of Bitcoin are still holding their assets to this time will not selling, while the weak investors are selling at a loss, not being able to afford holding for a longer period of time.
Not all early Bitcoin holders are not selling, and the institutional dump is also includes while retail investors dump does not impact the BTC price.
Now, if the same holders have to continue in this process without selling and eventually imagine a 30-day change, does it signify we are already going to experience the bottom?
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Whether or not retail investors sell, Bitcoin will dump, and the bottom price has not yet been reached.