Sell weak hands as always. In particular, newcomers who came to the market at the peak of growth and are now watching how their deposit is melting before our eyes.
Such people very often do not withstand such pressure and sell their coins during the downtrend.
Yes I agree, people who are selling are those weaks especially newbies that panic during the downfall of the market. People who are selling are those risk taker and those people who just depend on cryptocurrencies to sustain their daily needs. Instead of holding, they will sell it even in a small amount because they are not sure if those crypto coins will rise again. But I suggest they must hold it and trust those coins they are holding because maybe they will earn huge profit in the future.