We are going to see many new Bitcoin millionaires soon. I wonder if these people ever thought they will have their coins back?
Who sell will sell, who hold will hold, no more reason to be panic but prolonged distribution means the pain will be prolonged to the future too. It can be used to manipulate the market and play as a barrier to prevent Bitcoin take-off too soon. We will likely see a take off in 2025, not in 2024.
There will be sells pressure. If I was one of them, I would consider to cash out at-least a small portion. I guess it's takes ages for bitcoin to have another true bull run, even after the last halving.