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Wealthy Coinbase clients are still ‘hodling’ Bitcoin since December 2020, data suggests -Breaking

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Wealthy Coinbase clients are still ‘hodling’ Bitcoin since December 2020, data suggests

‘s (BTCThe ) Price fell by over 50% from $69,000 peak six months back, but it did not force some of its most wealthy investors to sell.

The number of Bitcoins under Coinbase (NASDAQ) Custody was up by 296% in Q4 2020. This is a sign that most investors have decided to hold onto their Bitcoins despite the fact that the price has fallen well above 50% from its highs.

Comparison of Coinbase custodial accounts. Source: CryptoQuant/Ki Young Ju
BTC/USDT weekly chart. Source: PostyXBT/TradingView