Second week is about to end on 27th, we are almost done with the weak hands. Now it's time to bounce back to above 50k. Obviously not in a day or two, it will take at least two weeks more. Cheers !!
The market didn't dump because of the weak hands, we also have to think the whales who are manipulating the market riding the negative news or even creating their own version of FUD. Anyway, whales is still playing in the market but hopefully to see some sign of life right before the end of the month, we are still not sure if the price of Bitcoin can go back to the price of $50k again, or we will continue this bear trend.
I don't think this is associated with weak hands because the pure market can be manipulated by anyone in power with millions of dollars to play with, so weak hands just go where it goes and this has become a bear trend.
We're still in the early bear phase but will this last? that means bitcoin is able to meet the challenge with a lot of bad news about FUD and you can say the 50k level is a small thing that can be passed again, believe that at this price it will be there soon.
still I will not celebrate anything just seeing how weak hands are always blamed even though behind it all there must be a controller behind it.