Very interesting perspective as I have not considered this before. Given the amount of Bitcoins being distributed to these wallets, it seems that it gives more power to relatively smaller addresses which do not hold on to the assets as price volatility increases. This could explain part of the downturn as well. Given that strong hands do not buy or sell, it gives the power to these weaker hands and traders that ride the momentum (at least they think they do). Thanks for the content!