Bitcoin Crash? HODLers Still Unfazed As They Add $10 Billion To Holdings
Summary
Long-term Bitcoin holders have increased their supply despite the recent market crash. These holders, who have kept their coins for over 155 days, have seen a positive net position change, indicating an increase in their holdings. This increase, totaling 184,500 BTC worth over $10.8 billion, does not necessarily mean recent buying, as the indicator has a 155-day delay. Despite the recent price drop, the resilience of long-term holders is evident, with their conviction remaining strong. As of now, Bitcoin is trading at around $58,900, down nearly 7% in the past week.
