But however those people that sees every slightest price peak of Bitcoin and decided to sell some of there holdings are perhaps not a holdlers but could be reffer as panic sellers who is uncertain about the Bitcoin future and decided to take some profits.
Panic sellers, in my view, are individuals who sell because they're afraid of potential price drops.
Those who panic to sell when you looked at it you will know that they basically belong to short term investors and short-term investors they are only after to gain and they don't want to take chances of losing, sometimes they regret their actions base on they sell their coins without target. And I believe they sell under durance because they are not sure of the market also have short sight of the market.
That is why they do sell on pressure, if you don't know of bitcoin investment you will be scared of the market and you be panic to sell out your bitcoin so that bearish market will not take advantages of you, sometimes when you want to invest in bitcoin we should not be scared of getting loss of the investment, because we can't predict the features of bitcoin, but concentrate on how to learn and understand the features behind the market so that we will not buy dip and sell when the price go more deeper.