According to Odaily Planet Daily, CryptoQuant CEO Ki Young Ju posted on the X platform that if you are selling Bitcoin now, you may not hold Bitcoin for more than 3 years because senior holders will not sell. Bull market investors (holding time 6 months to 2 years) sold most of their BTC holdings when Bitcoin was close to the last historical high. Bear market investors (holding time 2 to 3 years) sold about 67% of their holdings. Senior investors who have experienced multiple cycles (holding time for more than 3 years) showed historical highs in UTXO supply at all stages.