Is This Bitcoin Rally Already Over? HODLers Don’t Think So
Summary
Bitcoin long-term holders have continued to accumulate, with their supply staying near all-time highs. These holders, who have kept their coins for at least a year, are less likely to sell, earning them the nickname "diamond hands." Their supply trend has been consistently upward, indicating ongoing accumulation. Despite the recent price plunge, they have not reacted by selling, suggesting they don't believe the market top is near. As Bitcoin recovers, it has surged above the $44,000 level.
