Sell or hodl? How to prepare for the end of the bull run, Part 2
To read Part 1 of How to prepare for the end of the bull run,click here. So, youve made a million bucks this cycle and youre trying to work out how to transform those life-changing gains into money in the real world before the inevitable crash. But at the same time, you dont want to sell now and miss out on potential upside. So, what should you do?For Quantum Economics founder Mati Greenspan, the answer is simple: Be optimistic. Hes not an advocate of trying to time the market.As somebody who has been trading my entire life I mean, way before cryptocurrencies youll find that it always pays....
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Those who bought Bitcoin this bull market are in no hurry to sell, says Glassnode, as small-time investor numbers also grow. Bitcoin (BTC) investors continue to hodl BTC at $40,000, even if they bought it at lower levels earlier in 2021.In the latest edition of its newsletter, The Week On-Chain, on June 14, on-chain monitoring resource Glassnode revealed that buyers from the first months of this year’s bull market are refusing to cash out."Very young" supply in declineBitcoin has been marked by low volume in recent weeks as price action remained rangebound between $30,000 and $41,000.The....
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Analysts at Decentrader point to encouraging hodler behavior that suggests that BTC/USD is far from its cycle top at $56,000. Bitcoin (BTC) shouldn't have a problem reaching $100,000 during the current cycle thanks to impressive behavior from hodlers.In their latest newsletter seen by Cointelegraph, analysts from trading suite Decentrader including Cointelegraph Markets contributor filbfilb sought to allay fears that Bitcoin's bull run is running out of steam.HODL Waves stay bullishBacking their optimism, they said, is data showing that more and more investors are hodling BTC for the long....
Bitcoin on-chain data reveals that speculators and long-term holders have become increasingly confident of higher prices as their selling activity has slowed down significantly. For the very first time in a Bitcoin (BTC) bull market, not only long-term investors but also short-term speculators who usually add to the daily sell pressure toward the end of a market cycle have become increasingly confident of higher prices as they hold on to their Bitcoin.This only adds to the already existing supply shock. If demand remains strong, this is a recipe for another leg up for the BTC price.Bitcoin....