According to Glassnode, more than half of the investors who have bought Bitcoin in the past six months are holding the coins despite the bear market.
That's roughly 67% of crypto investors. The survey results show that traders' behavior have changed significantly from previous market declines and crypto-enthusiasts have begun to look at Bitcoin as an investment rather than a speculative asset.
The CEO of Three Arrows Capital said the same recently, noting that the behavior of traders has changed dramatically since 2018 and many market players keep HODL.
Bitcoin has been losing 10% of its value in recent days and is now holding above $21,000. Many investors continue to accumulate stablecoins to buy at a lower price. But predictions are mixed and the market may surprise us as always.