maybe some people who bought bitcoin in 2017 haven't been able to recover their funds because the price of bitcoin in 2017 touched $ 18,000 to $ 19,000 per bitcoin, so I think some of them still hold bitcoin for a long time while waiting to reduce by half and then they will sell bitcoin so they get more profit, because basically when halving occurs, the price of bitcoin will rise to the highest level of all time.
It all depends upon when you purchased the coin, if you purchased the coin at the top and then it is impossible to be even unless you purchase a substantial amount when the price went down and it all depends upon your initial investment. It is possible to recover completely but someone who invested at the top usually does not have the brains to level those

.