Bitcoin Holders Who Bought at $20K Refuse to Sell at All-Time Highs
As they should!
Bitcoin holders who bought at $20K refuse to sell BTC at all-time highs — Latest data
“Despite strong gains and equally strong corrections in 2021, those who entered the market or added to their positions in or after November 2020 are refusing to sell.
Hodl Waves, which tracks the age distribution of unspent transaction outputs (UTXO), show that the supply controlled by those six-to-12-month “hodlers” has increased — from 8.7% at the start of June to 21.4% as of Nov. 17.
At the same time, coins held for multiple years have decreased only slightly, highlighting that modest selling has taken place and that, with the exception of the six-to-12-month group, investors’ resolve remains steadfast.
The data underscores the theory that few BTC owners intend to sell at current prices, even as these circle all-time highs.”