Cryptocurrency News
62% of wallets did not sell Bitcoin for a year amid the bear market: Data
2022.09.02 20:53
62% of wallets did not sell Bitcoin for a year amid the bear market: Data
Despite the uncertainties brought about by the bear market, on-chain metrics show that the majority of Bitcoin (BTC) traders have been using a very simple trading strategy for more than a year: hodling.
According to data from the trading analysis platform TipRanks, while on-chain signals remain bearish for BTC, 62% of wallets have held BTC for one year and above. On the other hand, 32% of wallets are shown to have held for a month up to a year. Lastly, those who have been holding for less than a month are only 6%.
