Holders when the market is pumping tend to sell a majority of their Bitcoins to take profit. Well at least that's what I'm doing. I'm gradually selling my Bitcoins as it goes up. Buying more when the market's going up is based on our decision already, and if we buy more Bitcoins, it's for the short term hold only and the risk is higher if we do it, but it's a calculated risk.
If the bullish push promises to move further buying more btc is ok, but when at the brink, buyers
hashave to wait for the best actions to occur, which can't be predicted. Now that the price isn't going bearish, whoever wishes to buy can do so, think of people who missed buying at $110k, they've lost some profits. Hence, the question is if the coin would hit 130k before the bear defeats the bull season? And at what price would it rest. Take for instance, bearish time = $100k, the next bull season = $180k the buyer owns much profits afterwards if they don't sell out of fear, if prices slows down to $80-90k