I recently got a phone call of the owner of about BTC300 who had grown so tired of this downtrend that he wanted to sell now to buy back at 300. I told him that if you are so afraid now, you can't make it to buy when it is 300, so better not sell. He had owned through the 2013 bust no problem but this was getting too hard.
This is interesting, I also manage BTC funds for relatives, and they want to let go also these last few days. After some conversations they decided to hold. I think this is proof that the most weak hands are now out of the way, but I agree we can go deeper (we just hit the Daily SMA200).