Everyone has a specific plan before investing even before they invest they set a specific time frame of how high they will sell the bitcoin price. After the investment, if their Bitcoin investment increases and reaches the expected value, they may then sell their investment to make a profit. So maybe those who are thinking of selling Bitcoin after it hits $100k may have thought of selling after profiting from their investment.
Not all long -term investors will take such actions. Maybe only some of them did it because their goal of investing was not like the user of long -term investors who were experienced. Long -term investors in experienced bitcoin may not be too concerned when prices rise only a few percent but they want to new ATH. If the new ATH target is for example $ 100,000, then they will wait and hold even though it takes about four years like the four -year cycle.
This also applies to individual investors.