What I think is that it is a mix, they may be weak hands that are Always there in the market, but so many weak hands do not Manage or control the market, many of us Believe that there are many, but in reality I do not think they move even 5% of the market, for me there are other Reasons, perhaps a healthy correction, investors or those who made the effort to get btc to $100k , this time they are selling and recovering what they did , it is normal, but I see it as a normal market setback.
There is no need to Worry too much , it can continue to fall , but the important thing is that for these first months of 2025 it can take the price of btc to a very large one , I expect it at least at $120k.