if you watch the biggest wallets, those over 1000 coins, who hold almost 50% of all BTC, you know how many they sold in the move from $500 to $300? guess?
28000 coins out of around 7 million. And I bet when the dust settles they will have even more coins than before this sell off.
so.... who do you think is running around like chicken little panic buying and panic selling? it is not the big boys.
big players are doing hold and / or accumulate, and have been for years now, that made my decision to get back into BTC.
Wait until ETF and halving occur, there will be less and less coins around to pump and dump.
If true mean that are very courageous. To sell in that price when bitcoin is unpredictable mean no worries even if you lost something of those. And this can be made only by big whalers. So it is not strange to be seen this thing. Me, with my few bitcoins, would have fear to do such things. I may lose all my bitcoins if the price of selling would be the lowest ones. And with bitcoin everything is possible. So, I prefer to not "play" with those like the above guys.