Quote from: Sanitough on Today at 09:46:13 PM

Quote from: BitcoinHodler on June 15, 2022, 08:18:12 AM

the blockchain analysis shows that a lot of bitcoin hodlers are actively buying bitcoin and increasing their wealth by taking advantage of the current discount offered to them by the weak hands and their panic sells.
as we can see here the number of addresses that are holding more than 1 bitcoin is significantly increasing which shows how people who were struggling to reach 1BTC target are succeeding these days and are even surpassing that target heading to the next one.

source of the pic is reddit

This is not surprising as the bag holders of bitcoin will always maximize their purchase when they start seeing good opportunities to buy. The thing that weak hands fail to realize because instead of taking advantage of the current market scenario and maximize buying bitcoin, they resort into panicking and sell everything they have. So they all sell for a loss, something that strong hands in the market will never do.

This is true, It's a common behavior of people who just got into the market. They lose trust after seeing a massive down fall on prices and eventually sell their asset on a low price that result to a loss. Whales just keep taking advantage of the market buying all those discounted bitcoins, This is why whales are just becoming richer as time goes. I'm pretty sure that those weak hands just entered crypto because of the hype of bull market in the past few months and now they are suffering because we entered bear market. They haven't experience the bear market that's why it's very new to them. I hope those who just entered the market and sold at a loss will learn their lesson on their experience.