If more people keep buying BTC and don’t sell, the float will continue to shrink. Dips will get sharper and faster. Drawdowns will get shorter. Price will recover faster as soon as the forced seller is done. HODLing doesn’t kill dips. But it does, over time, change their shape. Less coin on the book = the same seller punches a hole in price. Dips get sharper. Faster. Meaner. What dies is the long grind. Thankfully. Old coins stay asleep. Weak hands already transferred. Once the forced seller is done, there’s nothing left at that price. Steeper air pockets. Shorter time at the lows. Recoveries that start the second the flush ends. Thin float cuts both ways. Conviction decides the bounce happens now.