Bitcoin HODLers Strong: Mt. Gox Selloff Fails to Dent Market
💪
Recent analysis highlights a significant trend among Bitcoin long-term holders (LTHs). As of July 26, 2023, these holders control about 45% of the network’s Bitcoin wealth.
This high percentage is notable when compared to historical macro cycle tops. It reflects a robust HODLing behavior among investors, who are waiting for higher prices.
The Mt. Gox selloff, a potentially disruptive market event, has not significantly impacted this strong HODLing trend. This suggests confidence in Bitcoin's long-term value.
The article underscores the resilience of Bitcoin investors amidst potential market turbulence, reinforcing the cryptocurrency's perceived stability and long-term promise.
Source: coinedition.com ↗
