If strategic holders had continued to hold 650,000 Bitcoins during this cycle (or sold only a small portion), we wouldn't have seen a 65% drop like in 2022. Currently, Bitcoin's price is about 25% away from its all-time high. Even if a bear market arrives, the decline is likely to be smaller, and it's more likely to trade within a wide range of sideways movement. Long-term holders should avoid panic selling. Bitcoin currently has more liquidity channels, so in my view, its long-term prospects are clearly very strong.