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

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

It's a slow grind for long-term holders with no significant macro top or bottom in sight, the Reserve Risk metric suggests. 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 onReferring to its Reserve Risk ("R-Risk") metric, Glassnode argued that current buying and....


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$30K BTC price imminent? This Bitcoin hodler metric hints at the next rally peak

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Bitcoin buying algos 'seldom care about price' in 2021, says analyst

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Analytics Firm: One On-Chain Metric is Flashing Warning Signs for Ethereum

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