No blow-off top? Bitcoin hodler metric points to ‘depressed’ BTC price

Bitcoin (BTC) investors are famous for their ability to “hodl” through price dips, but new data sheds light on how long they may be prepared to continue.

In a tweet on Jan. 16, on-chain analytics firm Glassnode noted that holder behavior currently mimics how Bitcoin behaves during the least extreme part of its price cycles.

Reserve Risk: Bitcoin price ‘depressed,’ hodlers hodl on

Referring to its Reserve Risk (R-Risk) metric, Glassnode argued that current buying and selling trends are…

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