What makes people compel to hold the bitcoin in this critical situation? What are they waiting for? Any good reason?
simple answer. people just waiting for high price and sell bitcoin in high price to take more profit of this situation
and almost user of bitcoin use this way
Yes you are right because people want to get much profit from it. And they want to be rich from bitcoin.
Like me. I holding bitcoin for a long time because i want to be rich people from bitcoin

The other reason why people holding bitcoin because they know bitcoin has a good potential. And bitcoin is the best investment in the world. I think.