Yes, proof that too many pricks own too much bitcoin.
Some people do not want to buy bitcoin, because they do not want to contribute to bitcoin HODLers becoming more rich.
Does not seem like a good reason, not to buy.
Either buy now, or wait until later, which will likely result in your buying at a higher, rather than a lower price, and why consider the matter of the "character" of HODLers so personally, anyhow?