I also have this believe but if you look the market currently you would know that the selling pressure is actually holding back the market from breaking out $64k to $65k above, the buying pressure is low meaning some early investor are taking profits.
lol
Which "early" investors who already hodled through 69k are selling below that number now? There's simply no way that happens on this earth. Do you mean "early" as in 'early this year"?
A nov 2022 that got in at 16k can make a solid profit . buy a coin at 16k
sell .5 coin at 62k.
you turned 16 k into 32 k and still have 0.5 btc
But one thing again how do we know if someone at this point still hold till now?
Like some Newbie investors can't exercise patient to hold till this $64k except for the HODler's who know the real game in bitcoin holdings.