You have said it exactly the way it is. Some people have to sell for some people to buy. We have witnessed a serious downtrend this year. Only within a few days, bitcoin dropped buy about $2000. For some people, it the end of the road while it means the opportunity to make good gains in future for some people.
Just depends on the people who how much they can afford to lose in this bear trend,when someone can lose completely all their capital still there will be no problem them then they are the people who are going to make more profits than anyone else.
at this time psychology is very decisive, for those who are pessimistic about bitcoin, of course they will go out of the market and suffer losses, but for experienced traders, of course they will increase the amount of their assets because it is an opportunity
do you think how many investors are still holding their bitcoin since the first time the bearish happened? is it possible that all investors are impatient because prices have fallen very deeply since last year.
in fact many traders or investors are not ready to experience large losses, prices collapse instantly due to panic selling. now investors are only filled by most impatient people #IMO