Considering the principle of the market, if the number of investors that will sellof outweighs those that will HOLD, what do you think will happen to Bitcoin? I will leave you to answer that.
The market may witness red closing candles for a few days, but it won't do any permanent damage. Bitcoin isn't some kid in front of a self-driving Tesla, it won't die. That's for sure lol
There are a few things which I believe will happen for certain like:
->Media spreading FUD with baity titles to generate maximum revenue on this news will have a
negative impact
->Not all Trustees will sell their coins. I am expecting like 20% of the coins to be in the market.
->Whales know economics, they would never "dump" an asset in a short period of time. They would be taking an unnecessary hit by choking demand with their own supply.
->Many will sell for cash and leave for Mexico or some SEA country lol
In conclusion, it will be just another day with red closing candles.