Despite 'worst bear market ever,' Bitcoin has become more resilient, Glassnode analyst says

Whereas the present bear market often is the worst on report, on-chain metrics sign that the Bitcoin (BTC) community is changing into more and more resilient, stated Glassnode analyst James Verify throughout a current interview with Cointelegraph. 

Particularly, Verify refers back to the quantity of Bitcoin holders who don’t promote even in excessive market circumstances, which has grow to be a lot greater than in earlier bear markets. 

“Cycle after cycle, that ground of hodlers is greater, the quantity of exercise is greater,” Verify stated.

Verify additionally factors out that shrimps, the entities who maintain lower than one Bitcoin, are accumulating at a report tempo, surpassing the degrees of the 2017 bull market’s peak.

“The shrimp are basically seeing this can be a an immense interval of worth,” he defined. 

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