But you do not think that these people are dropping the crypto currencies prices at the moment right? The most of these people are still holding because they have bought BTC at 20k USD and they should be big fools to sell it right now.
but the holders will also play their logic, they will think, with the fall of the market many times, making them tired of HOLD coins if they buy at that point, not to mention the ICO capital they have used to invest. Big drop will cause a pretty bad depression, they definitely think "why not sell at the price of a week ago"