Post
Topic
Board Bitcoin Discussion
Re: The number of hodlers
by
dragonvslinux
on 14/07/2022, 10:01:16 UTC
The number of hodlers not selling ever under extreme market conditions has become higher than in previous bearish markets.

Indeed the 1 year+ holders are currently at 65% after hitting a high 66% last month. Even with a sell off from $30K to $20K, only 1.5% of these long-term holders have sold, which is impressive hodl mentality. This high level of long-term holders is unprecedented for Bitcoin's bear markets, which is why many believe it can be short-lived, even if the bear market previous has lasted for multiple years.

Based on the current poll results (66% I Hodl), this is very much a reflection of the overall sentiment of long-term Bitcoin holders right now.