Bloomberg: Bitcoin Retail Investors Have Been Panic Selling for the Past Few Months, But HODLers Remain Resilient

BlockBeats News, March 16th, Research and brokerage firm Bernstein stated in a report that 60% of Bitcoin’s supply hasn’t moved in over a year. This ownership structure, unique to Bitcoin, signifies the presence of a group of long-term “hodlers” who are insensitive to Bitcoin’s price volatility and hold it as a “store of value” tool. This phenomenon occurred against the backdrop of Bitcoin significantly underperforming gold last year. Nearly 14% of Bitcoin is held by ETFs, digital asset treasuries (including Strategy companies), and governments. Bitcoin’s resilient capital base is expanding.