Can't stop, won't stop' — Bitcoin hodlers buy the dip at $20K BTC

[Triedboy]

The idea that panic selling is driving BTC price losses appears less watertight on the back of the latest data.Bitcoin selling has made the headlines for weeks and has even begun to include long-term holders (LTHs) — those who have been guarding their coins for 155 days or more.

Speculators are not taking the blame for the current BTC price weakness, but contrary to popular opinion, many market participants are, in fact, adding to their BTC allocations.

Dissecting Glassnode data, Checkmate revealed that the smallest and largest players are both in buy-mode at around $20,000.

Splitting the hodler base into four sections: “shrimps,” “crabs (otherwise known as classic hodlers),” “sharks” and whales, the figures make for surprising reading.more info