62% Bitcoin Remains Firmly In HODLer Wallet Despite Crypto Winter

Bitcoin (BTC) has corrected nearly 70% from its all-time high recorded at the end of 2021. Interestingly, most investors seem to have opted to ‘HODL’ the top cryptocurrency.

In fact, 62% of Bitcoin holders have not sold the asset in over a year, despite the current market conditions. At the same time, according to TipRanks statistics, 32% of investors sold the asset between one month and 12 months ago.

This finding shows that the selling pressure of Bitcoin is easing among investors. Besides, it seems that the largest cryptocurrency by market capitalization is waiting for its time to bounce back after “bloody June.” One of the things short-term investors are waiting for is the Fed’s FOMC this month to decide whether to continue ‘HODL’ or not.

At the time of writing, BTC is still holding the $20,000 mark and is likely to rise if this price zone is not invaded by the bears.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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Harold

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