As retail and short-term investors are purged from the market during these mass sell-offs, the saturation of “HODLers,” or the cohort of price-insensitive long-term investors, swells. The more HODLers there are, the stabler crypto prices become and the likelier it is that the market has bottomed out.
‘Realized Losses’ Might Prove Bitcoin’s Gain if Signaling a Market Bottom, Glassnode Says
