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.
How do you know if more people prefer to hold in the current bearish market? It is according to your own research or you get the information from a certain source? Please share the source link if it is not your own research.
It is actually not really surprising if more holders not selling their coins during the current bearish because they already know well how bearish-bullish works. They know bearish won't last forever, and they know if the next bullish probably happens after the next halving. It can be learned from the previous bearish-bullish. I think it indicates that holders become smarter and braver.
https://www.livemint.com/market/cryptocurrency/2022-crypto-bear-market-worst-in-history-report-11656317619942.htmlhttps://cointelegraph.com/news/a-brief-history-of-bitcoin-crashes-and-bear-markets-2009-2022