HODLing is back - good or bad for Bitcoin?
With Bitcoin down -12.5% over the last 10 days and charting a narrowing triangle pattern on the hourly, I was curious - are there signs of growing FUD starting to show in the top coin’s fundamentals?
Oddly enough, the answer - at least for now - is a resounding no. But that might not necessarily be good news.
Despite Bitcoin’s uninspiring PA in the short term, on-chain data suggests its holders are not ready to jump ship just yet. In fact, quite the opposite - a number of BTC indicia actually point to a steady pivot away from profit-taking and towards HODLing, with no regards for heightened price volatility and increased downward pressure.
Examples of this can be found throughout Sanbase. For one, Bitcoin’s Age Consumed - which tracks the renewed activity of dormant BTC - has been in
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