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No blow-off top? Bitcoin hodler metric points to ‘depressed’ BTC price -Breaking

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© Igor Faun

(BTC) investors are famous for their ability to “hodl” through price dips, but new data sheds light on how long they may be prepared to continue.

Glassnode, an on-chain analytics company, tweeted this tweet Jan. 16 NotedThe current behavior of Bitcoin holders is similar to that seen during its lowest price cycle.

Annotated Chart: Bitcoin Reserve Risk Source: Glassnode/Twitter
Bitcoin miner reserve chart. Source: CryptoQuant