‘Resilient’ Bitcoin holders defend BTC, but bear floor sits 20% lower: Glassnode
Bitcoin holders are showing resilience despite market pressures, with many choosing to hold onto their investments rather than sell. However, data from Glassnode indicates that the current bear market floor for Bitcoin is approximately 20% lower than its current price. This suggests that while holders remain steadfast, there is potential for further declines in value. The sentiment among investors reflects a strong belief in Bitcoin's long-term viability, even as short-term challenges persist.
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