According to the data, during the 10-month bear period, more than half of the investors chose not to sell their Bitcoins regardless of the price.
Bitcoin price since last year 70%It exhibited a downward movement of . Although the sultry bear season continues and stresses the investor, more than half of the investors chose not to sell their holdings during this process. tipranks According to data, all existing Bitcoin wallets 62%‘si For more than a year, Bitcoin continued to protect its assets.
At the same time, according to the data in question, investors 32%past part of since september It does not appear to be selling bitcoin. “HodlThe fact that the majority of investors adopting the ” strategy and think that it is not reasonable to sell at these prices also reduces the selling pressure on Bitcoin.
on the one hand glassnode Looking at the data, the amount of Bitcoin held on exchanges at recent lows This indicates that this selling pressure has actually eased. The majority of investors seem to believe in the future of Bitcoin and continue to hold their long-term expectations steadily.
Although some of the crypto analysts think that this decreasing selling pressure will cause positive price movements for Bitcoin in the near future, there is still a mass waiting for deeper bearish movements. Bitcoin price at the time of writing Critical support, which is the peak price of 2017, is $ 20 thousand. continues to hold.