It seems that these are the rules of winners and losers, why do they become rich because experienced investors always have the right investment direction and a cool head, indifferent to before. In the ups and downs of the market they don't panic and when the price gets lower they buy again.
For small holders of bitcoins and other cryptocurrencies, it is not only fear that has a negative impact on the decision to sell. Smallholders are more susceptible to the need to sell their cryptocurrency at the most inopportune time when their price falls and due to various family circumstances based on the lack of free money. Large holders do not have such problems. Therefore, in this case, they are entirely guided only by common sense, and not by necessity.