Hodlers Are Not Ready to Sell Their Bitcoins

Most long-term investors still adhere to their accumulation strategy despite the dominance of bearish sentiment in the crypto market.

According to TipRanks, hodlers are not ready to sell their crypto. Moreover, the company analysts believe this category of investors will not get rid of coins even if the BTC rate drops again.

62% of wallets hold Bitcoins for more than one year. 32% of addresses control BTC from 1 to 12 months, and only 6% of investors hold cryptocurrency for less than 30 days.

The dominance of long-term investors in the network suggests the vast majority of BTC holders are positive about the prospects of the leading digital currency.

According to TipRanks, 48% of Bitcoin addresses are both profitable and losing. 4% of wallets remain neutral.