According to on-chain data, investors are very reluctant to sell Bitcoin (BTC).
Data transmitted by Glassnode revealed that Bitcoin investors are visibly loyal to their Bitcoins and avoid selling.
According to the data, the amount of Bitcoin carried on-chain remains significantly lower than the previous bull market peak, while investors have practically adopted a “buy and hold” approach to their Bitcoins.
While the average Bitcoin transfer volume over the past 7 and 14 days has been below $200,000, the 2-week average Bitcoin transfer volume during the previous bull market peaks exceeded $1 million. This situation clearly reflects investors’ confidence in their Bitcoin assets and future.
Analysts from Blockware Intelligence made the following remarks:
The on-chain average transfer volume (in dollars) is well below the 2021 bull market peak. Almost no one is moving any Bitcoin. No one wants to sell Bitcoin.
