The thing is that there will always be weak hands. They are the people who buy at the
top purely on emotion and FOMO and sell at the bottom* out of both FUD and/or having
put too much into buying at the top and over extending themselves.
El Salvador and Microstrategy being strong hands means those Bitcoin that have been
bought cheap wont be on sale again for a very long time. This creates an even bigger
scarcity issue in the not too distant future.
Those are huge as well, it's not like some regular stuff or a cheap retail investor or anything. Sure there are some people with a few thousand dollars who would talk about how they are selling and they are scared and all of that, which is understandable. But at the same time we are talking about something where the people who have been involved with this do not have any type of fear if they have enough money.
This is why I believe that we should not be really feel scared neither, those people with hundreds of millions of dollars, even billions of dollars involved in bitcoin do not sell and they are even buying more right now and that should tell you what the rich are doing.