What makes people compel to hold the bitcoin in this critical situation? What are they waiting for? Any good reason?
I think many people hold the bitcoins because bitcoin's price will be more expensive in the future,
bitcoins be considered as new digital gold and digital asset, bitcoins can protect their whealty from inflation
so they hold bitcoins for long time.
Yes. You're correct because as time goes by the price of bitcoin is getting higher. People is keeping btc so that if the price of it will getting higher in the future they will going to sell it.