Although the on-chain indicators point towards the worst-ever BTC bearish market, they also underscore the increasing resilence of hodlers.
The number of hodlers not selling ever under extreme market conditions has become higher than in previous bearish markets.
The hodlers have known the true capacity and capabilities of Bitcoins.
They know Bitcoins won’t break down their expectations. Bitcoins will rise no matter what happens.
The main reason for which many people are holding the Bitcoins are due to it’s marketcap.
Bitcoins are limited in number, so when the demand of the coin increases, the price will eventually rise and hence it’s good to HODL.
For these reasons the hodlers have increased compared to previous bearish markets.