But on average there's never anyone who has a lot of BTC when it's cheap and when the price reaches the highest peak, they sell it and they become a rich man in an instant, it rarely happens because when there is a chance they will sell it, and not waiting for bitcoin to reach the highest price because they are very afraid if bitcoin prices slump.
True to an extend. There are definitely whales in bitcoins and those who are far sighted enough to hold it from years ago and still holding currently.