indeed to facing downtrend situations some people are more likely to sold their bitcoin when the price gradually fall and then they were wait until the fall stopped and starting to bought bitcoin again at low price because if they sold it at the high price at least they can recover their loss and the percentages people between to hold and to traders indeed pretty less to hold and this is quite normal because in crypto we should use all possibility to minimize loss or to get profit
Selling at high and buying at low is good strategy but its takes skill on technical analysis. Right now, many people prefer trade on their crypto rather than hold because high fluctuation give opportunity to make profits
