Could you please link to the source where it says that 80% of coins are dumped from long term holders? Because it's very contradictory. If an investor is a long term holder, then they would definitely not be panic dumping just because of a bear market.

If you mean "bull market" by dream run, then yes, bitcoin's bull market was long over.

We're currently in a stage of consolidation and overall pessimism in the market. I believe that prices are going to bottom at $4-5k, potentially less. The recovery won't happen any time soon, but I think that it will get under way by next year. Don't panic sell in these circumstances.