These statistics are often one-sided and incomplete. While we know that there are addresses that haven't moved any BTC in the last year, there is no report how many % of those accounts are actually in profit because it's become a common occurrence to see a lpt of movement even from dormant accounts when the price of bitcoin is getting to or has surpassed a previous all time high and people begin to realize that bull traders are becoming exhausted. They would sell their BTC simply and take profits.

Bitcoin holders who have experienced the past halving and the market reaching its peak price doesn't tend to sell. We were able to experience these kind of market fluctuation happening mostly during the year end. December is approaching closer, and this will go even high. For everyone who is thinking to sell it isn't the right time. For traders it is good opportunity as we were able to see good fluctuation happening within specific range. For new users this market trend will trigger and some out of fear will sell earlier.

I wouldn't say that they are hesitant or what, perhaps majority of us has really mature, specially coming from the pandemic wherein Bitcoin stands out as one of the best assets to hold and be hedge against this kind of events.

So it only make sense for us to really hold and not sell anything and look for the long run. We are less than a year from halving, the catalyst for a bull run. So what's better to do is just to stay strong and focus and prepared for a new all time high in the future.

And there's a lot of time to accumulate, bull run is 2024-2025, so along the way you still make profits.

I can't read other people's minds but if some are thinking like me and many others, why should we be selling at such a cheap price? Why should we be selling at a certain point when you can't possibly be bearish?

Whether it's actually good or bad, the entry of influential giants in global finance is starting to happen, and that means huge additional demand, which further means a rise in the price. Adoption is accelerating. And then there's also the halving of the block reward in April next year. That's deflating the new supply, which drives up the price as demand is growing.

Selling at $37,000 is shortsightedness. That could mean you'll buy back at a much higher price. 

Whatever is happening right now is because a lot has been learned since the 2017 and 2020 halving events. So, in the event that more people are looking to hold their bitcoins than sell them now,

There are also others who, apart from holding bitcoins for the long term, also trade in other cryptocurrencies to make a profit somehow. And this is also a good result that many of us have learned in the past.

I have a ladder sale set for.

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I think there are definitely people who sell BTC, but I think most people still hold Bitcoin and hold it, because according to history Bitcoin always makes a new ath in every bull run and in 2021 the price of BTC during the bull run touched the price range of $69k so if people those who know the history about btc will definitely hold strong on btc until the next bull run and will sell above $69k.
and I myself am still holding BTC and holding it, especially since in 2024 there will be a BTC halving, so at this time it doesn't make sense for me to sell BTC even when there is a price increase, because the current BTC price I think is still cheap and so do I. I'm sure many people agree with me on this matter. and if it were sold now, I'm sure there would be a lot of fomos when after it was sold,
BTC rises even higher.

But holding BTC is also of course risky, because price movements are difficult to predict and of course every BTC investor has their own analysis. So in this case it depends on each investor, whether they want big profits or small profits, of course if they want big profits then the risk is greater, but if they want small profits the risk is also very small.

It doesn't make sense that they're going to sell at this price don't you think even if they've set a price that they will, they would probably be thinking twice of selling now because the price will only be going up, that is unless they're expecting a black swan event and they want to get in there so they can get more bitcoin value before the price finally does it's bull run thing and reward the hodlers. Unless they spent those money that they've got from their bitcoin profit, I don't see them being well off from those money because they're probably have other expenses too and depending on what country they're from that profit might not last a long time.

Maybe because this price surge is just half of the last ATH so they really can not care enough to sell right now when they know that there is a possibility that they can profit more if they just wait just a little bit more then they will get more profit and combining that with the halving that is coming next year, I am sure that those factors are what is making people continue holding on to their bitcoins, it is more likely that people are buying more right now to increase the amount they are currently hoarding. I would not say that these people that you are talking about are hesitant to sell, maybe they just have a target price or that they do not like this price to sell because of the possibility that it will go up even more before going down.