The hodlers are in control. Analysts aren’t expecting a dramatic Bitcoin sell-off due to the growth of long term holders in the market, at least until $100K. (Reporting via WilliamSuberg)
Bitcoin has yet to wow the market with its all-time highs this halving cycle, and this has contributed to aAt the same time, on-chain indicators remain much more bullish than spot price action, and those investors still in the market support the idea that BTC/USD will go far higher in the future.
What’s more, long-term holders hoping for fresh price discovery are now the ones supporting the market, not new STHs looking to “buy the dip.”
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