Some people bought a bunch of altcoins and planned to "hold on" during the early phase of the decline, but the major players have already exited, so holding on is not advisable.

When Bitcoin starts to drop, there's an ominous sign, and one should cut losses if necessary.

If losses can be cut in Bitcoin, what about other altcoins? Time is the most expensive cost, and all the "diamond hands" in the market are just trying to deceive others into riding the roller coaster! #BTC

Summary: Those trading cryptocurrencies should stay alert to all information related to "diamond hands" in the market and make independent judgments.