Some holders maybe selling a few coins to buy some necessities specially for those who lives in a country where they are already panic buying some stuffs that they use everyday. Like here in the Philippines, majority of those wage earners line up in the grocery stores only after payday. But lately its different, the line is long even if it is not payday yet. So they are spending their saved money to prepare for the worst. But I don think the amount they are cashing out is not that big enough to cause a dip of Bitcoin price.