Data have shown how more than half of bitcoin circulating supply have not been moved from their host wallet since the bitcoin deep of 2018, this have shown grreat length how die hard hodlers can go a long way down the road without moving they bitcoin from one wallet to another or to an exchange despite the current bitcoin market price.
At this moment those wallets have done 17× profits and still the long term hodlers (LTH) are not given up on the race to becoming the steel hands bitcoin hoders.
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https://news.bitcoin.com/btcs-hands-of-steel-37-bitcoins-supply-hasnt-moved-2017-55-sat-idle-2018s-bottom/The whales wait for the exact moment to cash out thier profits in the market.The prices wer low in 2018 after the market crash of 2017 and Bitcoin was tumbling between $8-$9k and the only option available with them was to HOLD until the right time and 2020 pandemic give boost to the prices and now see they are above $60k and their funds increased 8-9 times from initial investment.It was good move on the other hand as it would contribute more to the panic selling at that time.The also know about supply becoming scarce day by day and they want to have large part of Bitcoin with them.