Most people are afraid to enter the market to buy Bitcoin right now, especially since the price is as high as it is now. They will probably be out of the market for a while. However, those who are still doing DCA will continue to do it, and each person should have a target to stop doing DCA.
Because the lack of confidence leads some people to think "What if it dumps tomorrow?". Some people are still in the struggle to give trust and they remain doubtful and uncertain. We can't force them to believe when it is against their will.
People who have accumulated a lot of Bitcoin over the last year are just waiting for the right time to sell their Bitcoin. They can still invest more to increase the number of Bitcoins. And after that, it's time to wait for the next ATH. That means a higher Bitcoin price increase than the previous ATH.
Maybe they will but I'm not sure if some of these investors still manage to hold until now or if they sell it before it hits $50k.
Those who have strong mindsets will still hold and accumulate more but those who are easily affected by the FUDs and rumors, exactly they got in panic and sell their BTC at low prices. We never expect everyone to hold and wait for the new ATH because many investors are weak.