Analyzing Bitcoin’s latest HODLing trends – Any lessons for traders? – BitRss

• Long-term Bitcoin holders have demonstrated resistance to selling during market volatility
• Low Coin Days Destroyed hinted at confidence in Bitcoin’s stability and future growth

At the time of writing, data revealed a strong HODLing sentiment across Bitcoin’s [BTC ($104,792.38)] market, with minimal deposits to exchanges from long-term holders – Those who have owned their BTC for over 155 days. This strong “HODLing” sentiment signals confidence in Bitcoin’s long-term value, despite short-term market fluctuations.

Additionally, the low levels of Coin Days Destroyed, a metric that tracks the movement of older Bitcoin, further highlighted the market’s stability and the trust investors have in its future.