Most of the hodlers have bought Bitcoin at below $10K. So even if Bitcoin is dumped for some reason and drops to $20K, there is no reason for them to be upset. Short-term traders and newcomers have been suffered the hardest by the fact that Bitcoins have been dumped near around $30K and new investors have panicked cause they do not have a good idea of ​​the market. As a result, weak hands have left the market and the market has become more stable and strong than before. I think hodlers are safe from these panic selling