New Bitcoin bull market hodlers are refusing to sell at $40K, data suggests

Cointelegraph

Published Jun 16, 2021 04:30AM ET

Updated Jun 16, 2021 06:00AM ET

Bitcoin (BTC) investors continue to hodl BTC at $40,000, even if they bought it at lower levels earlier in 2021.

In the latest edition of its newsletter, The Week On-Chain, on June 14, on-chain monitoring resource Glassnode revealed that buyers from the first months of this year’s bull market are refusing to cash out.

Bitcoin HODL waves annotated chart. Source: Glassnode
Bitcoin entities with less than 1 BTC chart. Source: Glassnode/ Twitter

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