However, the price of Bitcoin has been relatively stable for the past few months.
Bitcoin price hasn't been stable for the past few months because in the month of July bitcoin price hit a new ATH of $123k+ before dipping to this current price of $110k. A drop of 10.57% in price is not stable. The price has been going up and down as usual.
There are still many people who are holding Bitcoin, but the holders are now many rich people.
It's not true... I am holding bitcoin which I am still accumulating but I am not rich. Anyone can buy bitcoin and hodli both the rich and poor. It depends on your mindset and understanding of the potential value of bitcoin in the future.
many people who have invested in Bitcoin for the last 10 years or have been investing regularly are selling it at this time. Maybe that is why Bitcoin is available in the market.
You are very funny and it shows that you are a newbie from you statement above. Bitcoin is a commodity and will always have people who are buying and selling. Traders and hodlers keep the network going. However, new bitcoin are always been minted after every new block is mined and miners sell those bitcoin to cover some cost. Bitcoin will always be available in the bitcoin, it can only be getting more expensive overtime because people will always sell for one reason or the other.
And because there are institutions and people to hold it, those Bitcoins are being sold. That is why the price is not rising much.
Do you expect the price of bitcoin to only be pumping No. It's a volatile asset and the market is being affected by investors sentiment due to fundamental analysis. However, that shouldn't be the focus. Focus on how to buy and accumulate bitcoin for your future.