Sadness. Weak hands don’t get the game.
Although, it could also simply suggest that individuals were so strongly frontrunning the businesses and hedge funds etc, that they were able to offload and ...
I tend to think it’s the second part. People that were early and had 1-10,000 coins have decided that after 10-17 years it’s time to fathom their unfathomable riches. Also, for every business, etf, and government that holds Bitcoin, there is an individual inside that organization who made the choice.