Here's Who Isn't Selling Their Bitcoin Holdings and Why

While some traders rush to sell their Bitcoin , a whole layer of investors is sitting calmly while being up approximately 100%

The all-time high in the number of such wallets has been updated numerous times during the month. The metric indicates that the peak of buying power on Bitcoin peaked back in 2020-2021 when the cryptocurrency was actively consolidating below 2017's ATH of $21,000.

The main reason behind the inactivity of holders that purchased into Bitcoin between 2020 and 2021 is most likely tied to the average entry price of such wallets. According to on-chain and market data, the largest selling pressure appears on the market after the price of an asset drops below or is directly at the value that has previously faced the largest

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