I don't understand why holders are selling their btc
People that hold btc are doing so because they believe that it will be used worldwide by pretty much everybody, right? (="going to the moon")
This means that each btc will be worth thousands (or millions) of dollars, according to this thery.
In this view, btc are underpriced now... so why sell?
The only possible answer would be that they don't really believe in this technology, I guess
hodlers are not selling, only one entity/manipulator/mark karpeles is selling