We see something different. People do not hold for long time as they invested because they expect profit in reasonable time. A lot of newcomers entered the market in Dec and Jan as they expected further grow. But this has not happened and we see strong dip. Anyway many people need money they invested back so they will sell despite lower prices. Yes brother, arrears and rents are due every month. The way to pay is to sell bitcoins which is happening now.
There are so many new comers last month and from november to december who really invested hard and expect quick gain due to the unstoppable rally of btc price last december but it seems reverse scenario happen bitcoin and other crypto currency is falling this may cause panic selling to the newbie and those who invest before and now needed cash to finance their daily needs.