July 25, 2021

Glassnode: Hodlers don't care about Bitcoin volatility

Glassnode: Hodlers don't care about Bitcoin volatility

The latest report from Glassnode indicated that strong hands ignore the current downturn in prices and do not sell their assets.

Analysts say that despite the fall in BTC, long-term holders hold more than 75% of the circulating supply of bitcoin. Only 6% of these 75% are in unrealized loss.

Glassnode: Hodlers don't care about Bitcoin volatility

According to experts at Glassnode, bull squeezes,which provoked the former rallies, as a rule, took place against the background of the fact that the hodlers held more than 65% of the turnover. For example, this was the case before the rally in 2013. In 2017, hodlers held 75%, and in 2020 as much as 80%.

Analysts predict that holders will be able to accumulate up to 80% of circulation in two months.

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