Panic sellers, in my view, are individuals who sell because they're afraid of potential price drops.
I have noticed that the number of panic sellers are steadily on the decline, maybe the fud about Bitcoin being a bubble, and bla bla bla are all dying. People are now waking up to reality that Bitcoin have come to stay. Recent findings shows that a lot of Bitcoin are stashed in various wallets and not being traded frequently. This shows that Hodlers are seriously on the rise.... this is expected though because Bitcoin have proven to be resilient and reliable.
We are not in the bull market yet, we are just warning up with this recent pump on the market, should anyone release yet then they must have been a short time holders or most likely trader, being were we are currently does not mean there may not be further bears ahead, it may only be minimal, this is a call for more investments than ever because we are still not yet where we are going to.
You are right on the aspect that we are not yet in the bull market. The recent response of the market demonstrates how rapid the bull will dominate when there is a favourable fundamental. Like I always say, Bitcoin have been so nice and considerate for those who are willing to take the chance, it offered us too many opportunities to secure as much as we can at good prices.
The behaviour of Bitcoin this year is actually wonderful and suitable for any type of method of accumulation... I don't think there is anyone employing any method of buying that will saw he had a problem.
The market sentiment is going in favour of long term holders when we have fully launched into the bullrun next year after halving, we have to wait and hold until then, $68,000 should be our first target before the next expectation on bullrun for a nee all time high in favour of every long time bitcoin holders, this also means that we are still in the dip, buy and hold for the time to release get unfolds.
It is expected because from past history, Bitcoin have always recorded good gains in October. This year just confirmed that with the signs of the bull gradually dominating the market.if history is anything to go by, we will surely end this month well and those who bought this year will all be in profit.