Think about it this way, do you really think late investors that bought into BTC between 10k to 20k are selling off? The answer is simple, NO.
Well, could it be the early guys who had 1000's of Bitcoin when Bitcoin was only $200 or less?
NO. If they where going to sell off, they already would have. If they haven't, they are not going to dump off with the prices this low. Most anyone who got into Bitcoin sub $1000 and hasn;t already sold off is holding for longterm, period.