Some of the bitcoin holders were on a panic selling because bitcoin is getting more and more higher value than we expect from previous years of its existence. Those who have their own bitcoin on their wallet should spend wisely from time to time so that they can still use bitcoin in the future with a great amount since the last BTC will be mined in 2140.
ive been selling into this latest bull run, many of us have and do sell on these bull runs.. and with no intention of trying to buy back lower although it happens sometimes. dont ever forget to pull some profit when the good times are rolling.
its a balancing game, long term btc vs fiat for near term. just be aware you most certainly will have another bear season. dont get stuck selling btc at a horrible price if something unexpected is needed and you need to pull from your reserve stack.
personally however i think this party is just getting started.
It doesn't look like 60k is going to be the top. The price is creeping up too slow for it to be the end. Usually when it's about to pop it explodes and breaks down within a day. For instance, we had a small attempt to take profit today and everything got bought up instantly. The buyers are still very strong. Makes me think when the fear is going to start settling in. Maybe at 80k? Maybe at 100k? I have to say that I've been waiting 7 years to see a run like this one and it was so worth it.