Most of the New Bitcoin Buyers Didn’t Panic Sell in 2021

Which team are you, Weak Hanks or Diamond Hands? Glassnode found that most of the Bitcoin buyers in 2021 hodled their coins during the correction.

The morale among bitcoin hodlers remained high during the market correction. Most of those who acquired tokens this year were unwilling to let go of them, even if Bitcoin had its worst registered price drop.

A chart shared by blockchain analytics firm Glassnode revealed that most of those who bought bitcoin in 2021 have not sold them. If a strong hodl spirit in the middle of a volatile market seems odd, The SOPR (Spent Output Profit Ratio) metric could offer an explanation.

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