crypto fund of Three Arrow Capital CEO Zhu Su is available on his Twitter account bitcoin shared their views on the behavior of their owners.
Comparing the behavior of BTC holders to the previous cycle in 2018, Zhu Su bitcoin most of the investors BTCs He said they continue to hold.
The famous CEO said that despite the harsh corrections in the market, investors do not tend to sell and even continue to buy Bitcoin regularly every month.
Zhu Su, investors Hodl The reason for this situation is that investors made a loss because they sold their Bitcoins low in the cycle experienced in 2017-1018.
One reason onchain data is showing impressive holding behavior is bc many ppl actually did buy $BTC in 2017/2018 only to sell for a loss after losing patience. Anecdotally many of these ppl are staying humble this time and buying every month regardless of what else is happening.
— Zhu Su 🔺 (@zhusu) February 21, 2022
After the bear market in 2018, there was a bull market until November 2021. This rally saw tremendous growth in cryptocurrencies such as Bitcoin and Ethereum, as well as Dogecoin, Shiba Inu and Cardano.
Famous CEO, the biggest bitcoin Although the behavior of investors says that there is a change, there is also data that the number of Bitcoin millionaires is decreasing.
*Not investment advice.