I don't think that they will hold these bitcoins or are willing to hold them.
i actually do agree with you, i mean if i were one of the investor and wait for this long period of time I'm gonna sell little bit to enjoy profit they made a thousand percent if they sell right now.
Why would these claimants not have sold their claims over the past year+ to companies like Fortress, and then sell now when price is down by 70%? They were being offering up to $48K per coin back in March 2021, so not sure why they would hodl only to sell around $20K. Some claimants are dumb, for sure, but not most of them I don't think. As you pointed out, most would sell for profit.
I agree many would have sold their coins already, that much is true. I don't expect most are hodling any more personally. What the new owners (mainly instiutions) do with these coins is another story though...