The purpose of long term investing or holding is not to buy at a high price or an all-time high and then hold onto it and wait for the price to go higher. Those who bought Bitcoin at $67k entered at the wrong time, people were exiting the market and profits were being booked. They have no choice but to hold on to bitcoins as the price of bitcoins has fallen to around $15k. People who bought bitcoins in bear market will be able to make good profit in bull season and people who bought bitcoins $67k just waiting to cover their losses.
The aim of holding any coin is to get a good profit from it but the most important thing is to enter the coin at the right time. If we buy it at the right time, we will get good profit. A wrong time entry can never give us good returns matter how long we hold it.
That is why it is necessary to understand when to buy, not their fault as some persons who used the DCA strategy to purchase at the $67k price will certainly get enough profit when the price hits an ATH. Those who understood the halving circle and did not buy at that price waiting for the DIP and bought very low will get massive profit from their investment. It is of good benefit to understand how the market flows before venturing into it
It's obvious not to sell in market like this but hold till ATH, that's what investors do but some can't patiently wait so they sell and it's a good time for investors who hold their investment cause we are just approaching the bull market and it's likely those patient ones will gain profit.
I don't think experienced investors sold their bitcoin cause the ones who understood how the market looks like they will not make a mistake selling their investment but we hear a lot of stories about investment plan sometimes it doesn't come with patient but with financial problem so they choose to sell, in all those who hold will be happy to sell in the bull market
There is always reward to those who are patient enough to not selling their investment during the DIP, this is what all good investors would do instead of panicking and selling.
Before investing a person should be aware of keeping emergency funds to meet up our unexpected wants that could make us sell our Bitcoin