Bitcoin has been stuck in a sideways pattern for over 2 weeks now. At a time when most people are looking to take profits, there are also those who are still skeptical of the price falling. However, this is only visible in sentiment and not data.
In fact, an analysis of on-chain metrics seemed to suggest that despite prices slowing down their rally, selling remains almost non-existent. And this isn’t the case just for BTC.
The trend of accumulation is very well known and it continues to grow. But now, HODLing has become the new trend as people remain bullish about the top 2 cryptocurrencies. If you look at the HODL waves, you can observe a peculiar trend of specifically young coins being HODLed.
