The market has been a bloodbath over the last few months, following an incredible, yet unsustainable, growth in the months before. HODLing has been tough going, and given the current market valuations, a lot of investors have given up and taken their losses.
Yes because most of them have weak hands and maybe some of them are new investors that first time encountered this happenings now, for me I am seeing this cryptocurrencies that will continue to run for a long time.